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Home My WebLink About09-02-11 (2)IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION IN RE: ) ESTATE OF ANNE S. ANDERSON ) Deceased ) °:~ ~., •_, . __ .~- - - ~-- ~ S tx- :~ - ; -; ;_', ~- t .~ ~- _ + _ ~~. ~ ~ - a 3 ~ ~ C_Y , ~_ ~ ~ (_ r. U No. 2110-0134 FAMILY SETTLEMENT AGREEMENT Filed on behalf of: John A. Anderson, Administrator Counsel of Record: Henry R. Johnston III, Esquire PA I.D. #30742 COHEN & GRIGSBY, P.C. Firm #621 625 Liberty Avenue Pittsburgh, PA 15222-3152 (412) 297-4900 ~~~4 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION IN RE: ) ESTATE OF ANNE S. ANDERSON, ) No. 2110-0134 Deceased ) FAMILY SETTLEMENT AGREEMENT THIS AGREEMENT, made this ~,~ day of ~L - 2011, by and between JOHN A. ANDERSON, Administrator c.t.a. of the Estate of Anne S. Anderson (the "Estate"), AND BARBARA A. CARRUTHERS, of 119 West Riverglen Drive, Worthington, Ohio, JOHN A. ANDERSON, of 4 Alexandria Court, Mechanicsburg, Pennsylvania, and AMELIA M. ANDERSON, of #2, 1201 Sanchez Street, San Francisco, California as Personal Representative of the Estate of Peter H. Anderson, beneficiaries of the Estate of Anne S. Anderson (collectively the "Beneficiaries"). WITNESSETH: WHEREAS, Anne S. Anderson (hereinafter the "Decedent") died on November 20, 2009, a resident of Mechanicsburg, Cumberland County, Pennsylvania; and WHEREAS, the named Executor in the Will, PNC Bank, National Association, renounced its right to administer the Estate by way of a signed Renunciation dated January 20, 2010; and WHEREAS, the Register of Wills of Cumberland County admitted Decedent's Last Will and Testament dated August 20, 2004 to probate and Letters of Administration c.t.a. were granted to John A. Anderson on February 17, 2010 (the "Administrator"); and WHEREAS, the Administrator provided notice of the administration of the Estate to the beneficiaries within 60 days of his appointment as Administrator, in accordance with the provisions of Orphans' Court Rule 5.6; and WHEREAS, the Administrator advertised his appointment in the Cumberland Law Journal and The Sentinel, as evidence by the proofs of publication attached hereto as Exhibit "A"• and WHEREAS, the Administrator filed an Inventory with the Register of Wills of Cumberland County on August 19, 2010, a copy of which is attached hereto as Exhibit "B"; and WHEREAS, the Administrator filed an Inheritance Tax Return with the Register of Wills of Cumberland County, Inheritance Tax Office, on August 19, 2010, and paid Inheritance Tax and was provided discount credit in the amount of FORTY-NINE THOUSAND THREE HUNDRED THIRTY DOLLARS and 41/100 ($49,330.41) with such return a copy of which return is attached hereto as Exhibit "C"; and WHEREAS, on January 10, 2011, the Commonwealth of Pennsylvania accepted the Inheritance Tax Return as filed, as evidenced by the Notice of Appraisement attached hereto as Exhibit "D"; and WHEREAS, Decedent's Will provided for the exercise of a power of appointment in favor of Barbara A. Carruthers and Peter H. Anderson, a specific devise in favor of John A. Anderson and a bequest of tangible personal property to all three Beneficiaries, all of which have been paid. Copies of the Receipts are attached at Exhibit "E"; and WHEREAS, pursuant to ARTICLE THREE of her Will, Decedent bequeathed the rest, residue and remainder of her estate to her children as follows: John A. Anderson, one-third share (1 /3); Barbara A. Carruthers, one-third share (1 /3 ); and Peter H. Anderson, one-third share (1 /3) (hereinafter the "Beneficiaries"); and WHEREAS, the parties hereto wish to conclude the Estate administration without further additional costs; and WHEREAS, the parties hereto, the Administrator and the Beneficiaries of Decedent's Estate, have agreed to the distribution of Decedent's Estate in accordance with the provisions of this Agreement. NOW THEREFORE, in consideration of the premises, mutual covenants and agreements recited herein, the parties hereto, intending to be legally bound hereby, do agree as follows: 1. The Beneficiaries acknowledge that (i) they were fully advised of the assets of the Estate by John A. Anderson, as Administrator, of the debts, funeral expenses, counsel fees, administration expenses and death taxes paid by the Administrator of the Estate and of the assets -2- remaining after such payments, as evidenced by the informal Account attached hereto as Exhibit "F" and (ii) they ratify the actions of John A. Anderson as Administrator with respect thereto. 2. The Beneficiaries hereby waive the issuance of any notice whatsoever that may be required to be given to them by either the Pennsylvania Probate, Estates and Fiduciaries Code or the Rules of the Orphans' Court of Cumberland County, Pennsylvania, and release the Administrator from proceeding with any further steps in the administration of the above Estate, including the filing of a Court accounting, holding of an Audit, or petitioning for issuance of a Decree. 3. The Beneficiaries hereby absolutely release and discharge John A. Anderson as Administrator of the Estate of Anne S. Anderson, and all Attorneys and law firms of the Administrator, in particular Cohen & Grigsby, P.C., of and from any and all losses, claims, liabilities, demands, surcharges, and causes of action, either at law or in equity against the Estate, the Administrator, and such Attorneys and law firm, whether due to negligence or otherwise, including legal fees that may be incurred in defending same, which they may have by reason of administration of the Estate, and which may arise either from the administration of the Estate by the Administrator or from the distribution of the Estate without the filing of a Court accounting. 4. The Beneficiaries agree to indemnify and hold harmless the Administrator from and against any and all claims, loss, liability or damage (whether or not related to negligence of the Administrator) that may hereafter be asserted against the Estate or Administrator. 5. In consideration of the distribution of the Beneficiaries' interest in the above Estate without a Court accounting, the Beneficiaries agree to refund to the Administrator, on demand, all or any part of such distribution, or the value thereof, which may be determined to have been made improperly through mistake, negligence, or otherwise. 6. The Beneficiaries agree to extend any applicable period limiting the time within which the Estate must file an action to collect an erroneous, improper, or negligent distribution, so as to provide that the Administrator need not commence such an action until two (2) years after the Administrator shall have obtained actual knowledge that a distribution was a result of error, impropriety, or negligence. 7. Each party hereto affirms that he or she has had a full opportunity to review this Agreement and any other matters pertaining to the Estate with Estate counsel and/or with counsel of his or her choice and to discuss with such counsel the consequences arising from the execution and performance of this Agreement. -3- 8. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and it shall not be necessary that any single counterpart hereof be executed by all of the parties hereto so long as at least one counterpart is executed by each party hereto. 9. This Agreement contains the entire agreement among the parties with respect to the subject matter hereof. 10. No modification of this Agreement shall be effective unless signed by all of the parties. 11. This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and their respective heirs, executors, administrators, personal representatives and assigns. 12. Tl.is Family Settlement Agreement may, but need not, be f led at any time, at the discretion of the Administrator, with the Court of Common Pleas of Cumberland County, Pennsylvania, Register of Wills, Orphans' Court Division, and the Beneficiaries agree that no action relating to distributions hereunder can be filed in any court other than said Court. 13. This Agreement shall be construed in accordance with and governed by the laws of the Commonwealth of Pennsylvania, without regard to its conflict of laws provisions. INTENDING TO BE LEGALLY BOUND HEREBY, the following parties have placed their hands and seals. WITNESSES: (SEAL) 'JO DERSON, Administrator E of Anne S. Anderson, deceased, and Beneficiarv (SEAL) BARBARA A. CARRUTHERS, Beneficiary AMELIA M. ANDERSON, Personal Representative of the Estate of Peter H. Anderson, deceased, Beneficiary -4- SEAL) 8. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and it shall not be necessary that any single counterpart hereof be executed by all of the parties hereto so long as at least one counterpart is executed by each party hereto. 9. This Agreement contains the entire agreement among the parties with respect to the subject matter hereof. 10. No modification of this Agreement shall be effective unless signed by all of the parties. 11. This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and their respective heirs, executors, administrators, personal representatives and assigns. 12. This Family Settlement Agreement may, but need not, be filed at any time, at the discretion of the Administrator, with the Court of Common Pleas of Cumberland County, Pennsylvania, Register of Wills, Orphans' Court Division, and the Beneficiaries agree that no action relating to distributions hereunder can be filed in any court other than said Court. 13. This Agreement shall be construed in accordance with and governed by the laws of the Commonwealth of Pennsylvania, without regard to its conflict of laws provisions. INTENDING TO BE LEGALLY BOUND HEREBY, the following parties have placed their hands and seals. WITNESSES: JOH?~? A. A?~TDERSO>`i. A~lmnictrator EStatc^ Of Aiu'le v. cirid~rslJr., d::;~:' i~,il, and Beneficiary SEAL) /, ~ /~ ~ ,, r'SARBARA A. CARRUTHE S, eneficiarv AMELIA M. ANDERSON. Personal Representative of the Estate of Peter H. Anderson, deceased, Beneficiary -4- SEAL) 8. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and it shall not be necessary that any single counterpart hereof be executed by all of the parties hereto so long as at least one counterpart is executed by each party hereto. 9. This Agreement contains the entire agreement among the parties with respect to the subject matter hereof. 10. No modification of this Agreement shall be effective unless signed by all of the parties. 11. This Agreement shall inure to the benefit of, and be binding upon, the parties hereto and their respective heirs, executors, administrators, personal representatives and assigns. 12. This Family Settlement Agreement may, but need not, be filed at any time, at the discretion of the Administrator, with the Gouri of Common Pleas of Cumberland County, Pennsylvania, Register of Wills, Orphans' Court Division, and the Beneficiaries agree that no action relating to distrit~utions hereunder can be filed in any court other than said Court. 13. This Agreement shall be construed in accordance with and governed by the laws of the Commonwealth of Pennsylvania, without regard to its conflict of laws provisions. INTENDING TO BE LEGALLY BOUND HEREBY, the following parties have placed their hands and seals. WITNESSES: (SEAL) JOHN A. ANDERSON, Administrator Estate of Anne S. Anderson, deceased, and Beneficiary (SEAL) BARBARA A. CARRUTHERS, Beneficiary ~ (SEAL) A ELIA M. AN RSON, Personal presentative of e Estate of Peter H. Anderson, deceased, Beneficiary -4- EXHIBIT A PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, vlz: March 19 ,March 26, and Apri12, 2010 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. Coyne, Aaderson, Anne 8. a/k/a Aane Sextoa Anderson, deed. Late of Mechanicsburg, Silver Spring Township. Administrator c.t.a.: John A. An- derson, 4 Alexandria Court, Me- chanicsburg, PA 17050. Attorneys: Henry R. Johnston, III, Esquire, Cohen 8s Grigsby, P.C., 625 Liberty Avenue, Pittsburgh, PA 15222-3152. SW8R1V TO AND SUBSCRIBED before me this 2 day of April, 2010 l2 . -i Notary n~ r~k,AL E}a!. P o+ .,r , Ui. ~ ';:+RLI .lE 3C7? ~ . o.l : ;. C~ t n~.': C't 1' ' ~ i'y r PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Tames Kleinklaus, Director of Sales and Marketing, of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13,1881, since which date THE SENTINEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL on the following day(s): March 10, 17 and 24, 2010 COPY OF NOTICE OF PUBLICATION ADMINISTRATOR'S N TI E Letters of Administration on the Estate of ANNE S. ANDERSON a!k!a ANNE SEXTON ANDERSON, late of Mechanicsburg, Silver Spring Township, Cumberland County, Pennsylvania, deceased, have been granted to the undersigned. All persons knowing themselves to be indebted to said Estate will make payment immediately and those having claims will present them for settlement to: orto Henry R. Johnston, III Cohen & Grigsby, P.C., Attorneys 625 Liberty Avenue Pittsburgh, PA 15222-3152 John A. Anderson, Administrator C.T.A 4 Alexandria Court Mechanicsburg, PA 17050 Affiant further deposes that he/she is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statement as to time, place and character of publication are true. ~_ Sworn to and subscribed before me this a5~" ao~v . Notary Public My commission expires: NOTARIAL SERI BAMEI ANN HECKENOORN NoUry PuMk CARLISLE BOROUGH. CUMBERLAND CNN My Commission Expires .tan p7, 2014 REGISTER OF WILLS OF COMMONVVEALTH OF PENNSYLVANIA } ~ couNrr of Cumberland } John A. Anderson Personal Represe~-tative(s) of the Estate of Anne S. Anden~on n __ _t =. deceased, depose(s) and say(s) that the items appearing in the folbwing inventory inducts a!I of the persona; whel`e3er '~ ~ . ' -; sfitate and aq of the real estate in the Commonwealth of Pennsylvania of said Decedentrt, that the valuation oppos~ach {; _ _ item of said inventory represents its fair value as of the date of the dec+3dent's death, and that Decedent al - - outside of the Commonwealth of Pennsylvania except that wh' in a memorandum at the end of thisipry. __._ - ~ ~ _, I verify that the statements made in this tnven- ~ ~` ` ~ tory are true and correct. I understand that false slate- - - =, meets herein are made subject to the penalties of ohn Berson `- ` ; ~ __ `_ ~ 18 Pa.C.S. § 4904 relating to urtswom falsifigtion to ~ __- - ~ -. • -' authorities. _ ~ .._. . ~> ~ } 0 AuO^'~' " M~1 Henrv R. Johnston 111 (Supreme Court I.D. No.) 30742 (F~1 Cohen 8r Grigsby, PC (Address) 625 Liberty Avenue, Pittsburgh, PA 15222152 (r~1 (412) 297-4900 °^~ of t~1ta aACr rs=smENCe 4 Alexandria Court °5 ~' ~' "o' 11/20/2009 Mechanicsburg, PA 17050 156-20761 FIGURES MUST BE TOTALED eersonal Property Cash ..........................................•---................................................. Personal ProPertY• ....................................................................... Stocks/Listed ................................................................................ StockslCiosely Held ..................................................................... Bonds ............................................................................................ Partnerships and Sole Proprietorships ..................................... Mortgages and Notes Receivable ............................................... AN Oltrer Property ........................................................................ Total Personal Property ........................................ Total Real PropertY ................................................ Total Personal and Real Property 15,310.60 33,545.00 139,883.52 188,T39.12 1,053,333.00 No7E: 77re 1Memorsu~dam d red estate outside ihs GommwiweaMlr d PerrrayNania rnery d ale ebc9on d the parsonrd repreeerdeave irrduda the value d earia item. but such iiguss alrould not be e~Axrded hto the totes dale irverrfory. (See $o Pa. C.S. § 33ottb)) lNVENTQRY CUMBERLAND COUNTY, PENNSYLVANIA Fae Number 21-10-0134 wm RW-09 aier. ra~3anoe INVENTORY REGISTER OF WILLS OF COMMONWEALTH OF PENNSYLVANIA } SS CUMBERLAND COUNTY, PENNSYLVANIA COUNTY OF Cumberland } File Number 21-10-0134 DATE OF DEATH LAST RESIDENCE 4 Alexandria Court DECEDENTS SOC. SEC. NO. 11/20/2009 Mechanicsburg, PA 17050 156-20-5761 Cash American Express Travelers Checks 150.00 Highmark -refund 637.00 Highmark -refund 144.00 MorganStanley SmithBarney Account #617-063594-124 -cash 854.06 Accrued interest on above item through date of death 0.01 PA Department of Revenue -refund on 2009 Form PA40 881.00 PNC Bank Checking Account #00-0079-5133 8,158.76 Accrued interest on above item through date of death 0.09 PNC Bank Savings Account -includes accrued interest 86.51 U.S. Treasury -refund on 2009 Form 1040 1,080.00 USAA -premium refund 132.19 USAA -refund and cancellation credit 3,186.98 Total Cash 15,310.60 Personal PrQReri: Jewlery -see appraisals attached 20,640.00 Silver Dinnerware 810.00 Tangible personal property -see appraisal attached 12,095.00 (Attach additional sheets if necessary) Total Personal Property and Real Estate 1,242,072.12 REGISTER OF WILLS OF INVENTORY CUMBERLAND COUNTY, PENNSYLVANIA COMMONWEALTH OF PENNSYLVANIA COUNTY OF Cumberland } SS File Number 21-10-0134 DATE OF DEATH LOST RESIDENCE 4 Alexandria Court DECEDENTS SOC. SEC. N0. 11/20/2009 Mechanicsburg, PA 17050 156-20-5761 Total Personal Property 33,545.00 Stock /Liste d 200.0000 shares AT8~? Inc. -Com 5,229.00 100.0000 shares Chevrontexaco Corp -Com 7,681.50 Accrued dividend on above item through date of death 68.00 600.0000 shares Duke Realty Corp -Com New 6,957.00 Accrued dividend on above item through date of death 102.00 1,600.0000 shares E M C Corp Mass -Com 27,152.00 480.0000 shares Ericsson L M Telephone Co - Adr B Sek 10 4,840.80 200.0000 shares General Electric Co -Com 3,117.00 300.0000 shares Heinz H J Co -Com 12,634.50 964.0000 shares Microsoft Corp -Com 28,534.40 Accrued dividend on above item through date of death 125.32 1,100.0000 shares Nokia Corp -Sponsored Adr 14,586.00 200.0000 shares Pepsico Inc -Com 12,374.00 400.0000 shares State Street Corp -Com 16,482.00 Total Stock /Listed 139,883.52 -2- REGISTER OF WILLS OF INVENTORY CUMBERLAND COUNTY, PENNSYLVANIA COMMONWEALTH OF PENNSYLVANIA } SS cauNTY of Cumberland } File Number 21-10-0134 DATE OF DEATH LAST RESIDENCE 4 Alexandria Court DECEDENTS SOC. SEC. N0. 11/20/2009 Mechanicsburg, PA 17050 156-20-5761 Real estate located at 4 Alexandria Court, Mechanicsburg, Cumberland County, PA; Tax 1,053,333,00 Parcel ID #38-07-0461-115 -average appraised value. See appraisals attached. Total Real Estate 1,053,333.00 -3- EXHIBIT C 15(15610143 REV-~ soo IX(01-10) ~~t OFFICIAL USE ONLY PA Department of Revenue Pennsylvania County code veer Rte Number Bureau of lndNidual Taxes oaoF~'E Po Boxzaoso~ INHERITANCE TAX RETURN 21 ZO 0134 Harrisburg, PA 1712&06D1 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 156 20 5761 11 20 2009 04 06 1928 Decedents Last Name Strfl"nc Decedents First Name MI ANDERSON ANNE S (If Applicable) Enter Surviving Spouse's Information Below 5pouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THlS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW D 7. Original Retum ^ 2. Supplemental Return ^ 3' D to ~ 13-82) (~~ of death 4. Limited Estate 4a. Futwe I~lerest Conmror"isa ^ 5. Federel Estate Tax Retum Required ^ ^ (dale of death after i2-72-82) g Decedent Died Teslete O 7, A~ad~i ~~ of Tn~nt)a LI~9 Tit 0 8. Total Number of Safe Deposit Boxes (Attach Copy or Wdtj ^ 9. LiUgatlon Proceeds Received ^ 1D. ~~ ~'~~ `ru~t~_1dB-`s~ death ^ 1 t, Election to tax under Sec. 9113(A) (Attach Sch. Oj CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFlDENTIAL 7AX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number HENRY R JOHNSTON III (412) 297 4900 First Line of address 625 LIBERTY AVENUE Second line of address City or Post Office PITTSBURGH i RECa1STER OF WILL5 USE ONLY State 21P Code PA 152223152 correspondents e-mail address: hjohnston@cohenlaw.com Under penalties of perjury, I dedare ttlat (have examined this retu induding accompanying schedules and statements, and to the best of my knowledge and belief, it is true, cort~t plate. Dedatation of preparer other than the petsanal representative is based on a8 information of which preparer has any knowledge. SIGNATURE O PERS PON518LE FOR FILING RETURN DATE // ~-. _ John A. Anderson ~ ~,/1 f~/~ 4 Atexanidria Court. Mechanicsburg, PA_1 ,~_ Henry R. Johnston Ill ~ ~ ~ ` 625 Liberty Avenue, Pittsburgh, PA Side 4 15Q5610143 15[]5610143 DATE FILED REV-1500 EX Decedents Name: Anderson, Anne S. Decedent's Social Security Number 156 20 5761 RECAPITULATION 1,053,333.00 1. Real Estate (Schedule A) ...................................................................................... . 1. 139,883.52 2. Stocks and Bonds (Schedule B) ............................................................................ . 2. 3. Closely Held Corporation, Partnership orSole-Proprietorship (Schedule C}........ . 3. 4. Mortgages & Notes Receivable (Schedule D) ....................................................... . 4. 48,855.60 5• Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) .............. . 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested............ 6. 7. Inter-Vivos Transfers & Miscellaneous t~ nnrProbate Property 90 , 369.67 (Schedule G) u Separate Billing Requested............ 7. 1,332,441.79 8. Total Gross Assets (total Lines 1-7) ................................................................... .. 8. 46,393.46 9. Funeral Expenses & Administrative Costs (Schedule H) ............................... ........ 9. 189,817.00 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ...................... ........ 10. 236,210.46 11. Total Deductions (total Lines 9 & 10) ........................................................... ........ 11. 1,096,231.33 12- Net Value of Estate (Line 8 minus Line 11) .................................................. ........ 12. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ....................................... ........ 13. 1,096,231.33 14. Net Value Subject to Tax (Line 12 minus Line 13) ...................................... ......... 14. TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 15. (a)(1.2) X .00 16. Amount of Line 14 taxable 1 , 0 9 6 , 2 31.3 3 16. at lineal rate X .045 17. Amount of Line 14 taxable 0 • 0 0 17. at sibling rate X .12 18. Amount of Line 14 taxable 0 . 0 0 18. at collateral rate X .15 19. lax Due .............................................. ................................................................... . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. 0.00 49,330.41 0.00 0.00 49,330.41 Side 2 ~, 1505610243 150561©243 1505610243 REV-1500 EX Page 3 Der_edent'G C~mnlete Address: File Number 21-10-0134 DECEDENT'S NAME Anderson, Anne S. STREET ADDRESS 4 Alexandria Court CITY Mechanicsburg STATE PA ZIP 17050 Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments B. Discount 0.00 3. Interest 4, If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2 Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. Total Credits (A + B) (1) 49,330.41 (2) 0.00 (3) (4) (5> 49,330.41 Make Check Payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes ;;N~~o a. retain the use or income of the property transferred :............................................................................... ^ i~ b, retain the right to designate who shall use the property transferred or its income :.................................. ^ i x I c. retain a reversionary interest; or .............................................................................................................. ~ z d. receive the promise for life of either payments, benefits or care? ............................................................ ^I ~x lI 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................................................................................... Lx ! ^ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?....... 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? .................................................................................................................. ~ ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S. §9116 (a) (1.1} (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0 percent [72 P.S. §9 i 16 (a} (1.2)]. . The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (a) (1)]. . The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116 (a} (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Rev-1502 lx+ (~~-DS) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCt~tE~ULE ~1 REAL ESTATE ESTATE OF (FILE NUMBER Anderson. Anne S. 21-10-0134 _ All real property owned solely or as a tenant in common must be reported a[ fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointlyowned with right of survivorship must be disclosed on schedule F. (If more space is needed, additional pages of the same size) Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 11-08) Rev-1503 EX+ (6-98) r COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF (FILE NUMBER Anderson, Anne S. 21-10-0134 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 1 oo2o6R1o2 200 shares of AT8~T Inc. -Com 26.145 5,229.00 2 166764100 100 shares of Chevrontexaco Corp -Com 76.815 7,681.50 Accrued dividend on Item 2 through date of death 68.00 3 264411505 600 shares of Duke Realty Corp -Com New 11.595 6,957.00 Accrued dividend on Item 3 through date of death 102.00 4 268648102 1,600 shares of E M C Corp Mass -Com 16.97 27,152.00 5 294821608 480 shares of Ericsson L M Telephone Co - Adr B Sek 10 10.085 4,840.80 6 369604103 200 shares of General Electric Co -Com 15.585 3,117.00 7 423074103 300 shares of Heinz H J Co -Com 42.115 12,634.50 g 594918104 964 shares of Microsoft Corp -Com 29.6 28,534.40 Accrued dividend on Item 8 through date of death 125.32 9 654902204 1,100 shares of Nokia Corp -Sponsored Adr 13.26 14,586.00 10 713448108 200 shares of Pepsico Inc -Com 61.87 12,374.00 11 857477103 400 shares of State Street Corp -Com 41.205 16,482.00 TOTAL (Also enter on Line 2. Recapitulation3 139,883.52 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98) Rev-15D8 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER 21-10-0134 Include the proceeds of litigation and the date the proceeds were received by the estate. All property joinNyvwned with the right of survivorship must be disclosed on schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 American Express Travelers Checks 150.00 2 MorganStanley Smith Barney Account #617-063594-124 -cash 854.06 Accrued interest on Item 2 through date of death 0.01 3 PNC Bank Checking Account #00-0079-5133 8,158.76 Accrued interest on Item 3 through date of death 0.09 4 PNC Bank Savings Account -includes accrued interest 86.51 5 Jewlery -see appraisals attached 20,640.00 6 Silver Dinnerware 810.00 7 Tangible personal property -see appraisal attached 12,095.00 8 Highmark -refund 637.00 9 Highmark -refund 144.00 10 PA Department of Revenue -refund on 2009 Form PA40 881.00 11 U.S. Treasury -refund on 2009 Form 1040 1,080.00 12 USAA -premium refund 132.19 13 USAA -refund and cancellation credit 3,186.98 I TOTAL (Also enter on Line 5, Recapitulation) 48,855.60 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-~8) Rev-1510 EX+ (6-981 SCHEDULE G INTER-VIVOS TRANSFERS 8~ ~~~: MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Anderson, Anne S. 21-10-0134 This'schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY THELD D E OF TROANSFERSATTACIi ACOPY OF THOE DEED FOOREREAEESTATD. DATE OF DEATH VALUE OF ASSET ~ OF DECD'S INTEREST EXCLUSION (IF APPLICABLE] TAXABLE VALUE 1 At the time of her death, the Decedent had a 0.00 0.00 Revocable Trust Agreement dated January 31, 1991. The trust contained no assets. A copy of the Trust Agreement is attached. Gifts 2 Barbara A. Carruthers (Daughter) - 2008 gift 12,000.00 3,000.00 9,000.00 3 Barbara A. Carruthers (Daughter) - 2009 gift 13,000.00 3,000.00 10,000.00 4 John A. Anderson (son) - 2008 gift 12,000.00 3,000.00 9,000.00 5 John A. Anderson (son) - 2009 gift 13,000.00 3,000.00 10,000.00 6 Peter H. Anderson (son) - 2008 gift 12,000.00 3,000.00 9,000.00 7 Peter H. Anderson (son) - 2009 gift 13,000.00 3,000.00 10,000.00 At the time of death, the decedent had an IRA numbered 11562057616 with Vanguard. John A. Anderson, Peter H. Anderson, and Barbara A. Carruthers are beneficiares of this account. The account consisted of: 8 Vanguard Fixed Income Securities Fund - L Term 33,369.67 33,369.67 Invgrd 1, CUSIP #922031109 f - TOTAL (Also enter on Line 7, Recapitulation) { 90,369.67 (If more space is needed, additional pages of the same size) f Copyright (c) 2002 form software only The Lackner Group, tnc. Form PA-1500 Schedule G (Rev. 6-98) REV-1151 EX+ (10-06) SCHEDULE H COMMONWEALTH OFgqp~pxENNSYLVANIA FUNERAL EXPENSES & IN RESIIDENTEDECEDENTRN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Anderson, Anne S. 21-10-0134 _ Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER - A, FUNERAL EXPENSES: See continuation schedules} attached 5,673.18 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zio Year(sl Commission paid 30,000.00 2, Attorney's Fees See continuation schedule(s) attached 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 102'25 See continuation schedule(s) attached 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 10,618.03 See continuation schedule(s) attached i TOTAL (Also enter on line 9, Recapitulations 46,393.46 Copyright (c) 2009 form software only The !_ackner Group, Inc. Form PA-1500 Schedule H (Rev. 10-06) SCFfEDULE ~1 FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Anderson, Anne S. 21-10-0134 ITEM NUMBER DESCRIPTION AMOUNT Funeral Ex e 1 Cuttings -flowers 221.49 2 Edgeworth Club -funeral reception 1,626.36 3 Jean Henderson -clergy honorarium 250.00 4 Malpezzi Funeral Home -funeral bill 3,050.33 5 Rome Monument Works -engrave date on headstone 135.00 6 Sewickley Cemetery -funeral expense 390.00 H-A 5,673.18 Attorney Fees 7 Cohen & Grigsby, P.C. -legal fees 30,000.00 N-B2 30,000.00 Probate Fees 8 Cumberland County Register of Wills -probate fees 102.25 H-B4 102.25 Other Administrative Costs 9 Barbara A. Carruthers -reimbursement re appraisal 80.06 10 Carlisle Sentinel -legal advertising 230.02 Copyright (c) 2002 form software only The Lackner Group.. Inc. Form PA-1500 Schedule H (Rev. 6-9F3) scHeDULE ~ FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Anderson, Anne S. 21-10-0134 ITEM NUMBER DESCRIPTION AMOUNT 11 Cumberland Legal Journal -legal advertising 75.Op 12 John Anderson -reimbursement for tangible personal property appraisa! ~ 95.00 13 John Anderson -reimbursement for postage and shipping supplies 87,57 14 John Anderson -reimbursement for postage 1.39 15 John Anderson -reimbursement for shipping charges re tangible personal property (to Ohio) 1,977.01 16 John Anderson -reimbursement for shipping charges re tangible personal property (to 2,461.97 California) 17 Mark Heckman Real Estate Appraisals -appraisal fee 500.00 18 Minnici Appraisals -appraisal fee 300.00 19 Munns Diamond Gallery -appraisal fee 40,00 20 Parks Van & Storage -storage 3,432.90 21 Parks Van 8~ Storage -storage 283.60 22 Parks Van & Storage -storage 283.60 23 Parks Van & Storage -storage 101.90 24 Rowe's Auction Service -commission and pick up fee for sale of tangible personal property 308.01 25 RSR Appraisers & Analysts -appraisal fee 350.00 H-B7 1o,s1a.D3 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1512 EX+ (12-OB) SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Anderson, Anne S. 21-10-0134 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medicai expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Bluff Gardens -items ordered before death 164.33 2 Cohen & Grigsby, P.C. -legal fees and disbursements owed at time of death 1,271.58 3 Comcast -cable bill 107.30 4 Duraclean Solutions -outstanding check 856.00 5 Hartzell Eye MDS -outstanding medical bill (not covered by insurance) 20.19 6 Master Card -outstanding credit card bill 1,751.72 7 Pinnacle Health Medical Services -outstanding medical bill (not covered by insurance) 19.33 8 PNC Bank Line of Credit 183,177.51 9 PPL -electric bill 223.17 10 UGI Gas Service -gas bill 167.05 11 USAA -premium payment 950.57 12 Verizon -telephone bill 128.72 13 West Shore EMS -outstanding medical bill (not covered by insurance) 979.53 TOTAL (Also enter on Line 10, Recapitulation) ( 189,817.00 (If more space is needed, additional pages of the same size) Copyright (c) 200° form software onl;~ The Lackner Group, tnc. Form PA-1500 Schedule 1 (Rev. 12-08) REV-1513 EX+(11-08) COMMNHERITANTCE TAX RETSI,IrYRNANIA RESIDENT DECEDEN SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER Anderson, Anne 5. ~ 21-10-0 134 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE _ AMOUNT OF ESTATE NUMBER PERSON(Sl RECEIVING PROPERTY DECEDENT (Words) ($$$) No i 7 e s I TAXABLE DISTRIBUTIONS [include outright spousal • distributions, and transfers under Sec. 9116(a 1.2 1 John A. Anderson Son 945,514.11 4 Alexandria Court Mechanicsburg, PA 17050 2 Peter H. Anderson (Deed 6/25/10) Son 75,358.61 15850 North Thompson Peak Parkway #2303 Scottsdale, AZ 85260-2120 3 Barbara Carruthers Daughter 75,358.61 119 West Riverglen Drive Columbus, OH 43085 Total 1,096,231.33 Enler dollar amounts for distributions shown above on lines 1 5 throw h 18 on Rev 150 0 cover sheet, as a r o riate . II NON-TAXABLE DISTRIBUTIONS: . A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS _ TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright (c} 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 11-G8) WILL OF ANNE S. ANDERSON ,~ /i ~~1~;" J T ~:,~ m~:.~t ,1--~ : ~~ ,.... ~... ~ ~r~, ~•. ~fJILL I, ANNE S. ANDERSON, of Allegheny County, Pennsylvania, make tlus will, hereby revoking all my former wills and codicils. ARTICLE ONE BEQUESTS OF TANGIBLE PERSONAL PROPERTY § 1.1 I bequeath all my tangible personal property, exclusive of any such property used in a trade or business, in accordance with the terms of a signed and dated memorandum I may prepare. If no such memorandum is located or received by the executor within 60 days after being appointed as such, after conducting a reasonable search for such memorandum, the executor shall be held harmless for distributing such property as hereinafter provided. I bequeath the balance of any such property not disposed of by such memorandum, or all of such property if no such memorandum is so located or received, to my children, JOHN A. ANDERSON (hereinafter in this will referred to as "John"), PETER H. ANDERSON (hereinafter in this will referred to as "Peter"), and BARBARA A. CARRUTHERS (hereinafter in this wiII referred to as "Barbara"), who survive me, to be divided among them as they agree. In case of disagreement among my children, the property tha# is the subject of such disagreement shall be sold and the proceeds thereof shall be distributed in equal shares to my said children. § 1.2 I direct that the expenses of storing, packing, shipping, insuring and delivering any such property to the beneficiary entitled thereto shall be paid by the executor as an administrative expense of my estate. In addition, to the extent practicable in the executor's sole discretion, I bequeath any policies of insurance on such property to the beneficiary entitled to such property. ARTICLE TWO DEVISE OF RESIDENCE; EXERCISE OF POWERS OF APPOINTMEI~?T §2.1 At the time of the execution of this will I am having a new residence built for me in Silver Spring Township, Cumberland County, Pennsylvania, which residence is slated to be known and numbered as 4 Alexandria Court, Mechanicsburg, PA 17050 (hereinafter in this will referred to as the "Residence"}. If I own the Residence at the time of my death, whether or not the original construction has been completed and the Residence is ready for occupancy, I devise and bequeath the Residence to John, if he survives me, or if he does not survive me, but his wife, SHEILA M. ANDERSON, survives me (hereinafter refei7ed to in this will as "Sheila"), to Sheila; provided, however, Sheila shall be presumed to have predeceased me for all purposes herein if at the time of 3ohn's death they were divorced, divorce proceedings existed between them (notwithstanding whichever of them instituted such proceedings), or they were living "separate and apart" as defined in the Pennsylvania Divorce Code as of the date of this will (notwithstanding the residency or domicile of either of them). §2.2 If I die before the original construction of the Residence is completed, the devisee (if any) in §2.1 of this will shall be responsible for all costs to complete the construction of the Residence; provided, however, to the extent at the time of my death there are unpaid costs of construction for work tha# has been completed, such costs shall be paid by the executor of my estate as a debt of my estate. In such event, I make no corresponding bequest or other allocation of property to Peter, Barbara, or their issue. §2.3 Under Section B. of Article Three of that certain Irrevocable Insurance Trust Agreement dated March 12, 1982, by and between my deceased husband, ALAN H. ANDERSON, as Settlor, and me as Trustee (hereinafter in this will referred to as the "Section B. Power of Appointment"), and under §4.b of that certain Restatement and Amendment of -2- Revocable Life Insurance Trust Agreement dated R~Iarch 12, 1982, as amended, by and between my deceased husband, ALAN H. ANDERSON, as Settlor and PITTSBURGH NATIONAL BANK (now PNC BANK, NATIONAL ASSOCIATION} as Trustee (hereinafter in this will referred to as the "§4.6 Power of Appointment"), I am granted a testamentary power of appointment over the property remaining in these trusts in favor of the issue of my deceased said husband. If Peter, Barbara, or any of their respective issue survive me, if the devise provided for in §2.1 of this will is made, and if the original construction of the Residence is complete at the time of my death and the Residence is ready for occupancy, whether or not I occupied the Residence, I hereby exercise the foregoing powers of appointment as follows: (a) I direct that a fractional share of the property subject to the Section B. Power of Appointment (valued as of the date of distribution] be distributed to each of Peter and Barbara who survives me (or if either of them does not survive me, but is survived by issue of his or her own, to his or her issue who survive me, per stirpes (subject to the provisions of ARTICLE FOUR of this wilI)), the numerator of which fraction shall be the fair market value of the Residence at the time of my death (reduced by the fair market ~lalue of any mortgage thereon at the time of my death (including accrued and unpaid interest)}, multiplied by the multiplier set forth in §2.3(c) of this will, and the denominator of which fraction shall be the fair market value on the date of distribution of the property subject to such power of appointment. If Peter (or his issue, as the case may be) and Barbara (or her issue, as the case may be), survive me, and if the fraction so determined is greater than'/~, then each of Peter and Barbara (or his or her respective issue, as the case may be), shall receive'/z of the property subject to the Section B. Power of Appointment. If only Peter (or his issue, as the case may be} or Barbara (or her issue, as the case may be) survive nee, and if the fraction so determined is greater than 1, then Peter or -3- Barbara (or his or her respective issue, as the case may be) shall receive all of the property subject to such power of appointment. (b} If Peter (or his issue, as the case maybe) and Barbara (or her issue, as the case may be), survive me and the fraction determined in §2.3(a) of this will was greater than %Z, or if only Peter (or his issue, as the case may be) or Barbara (or her issue, as the case may be) survive me and the fraction detetYnined in §2.3(a) of this will was greater than 1, then I direct that a f-actionaI share of the property subject to the §4.6 Power of Appointment be distributed to each of Peter and Barbara who survive me (or if either of them does not survive me but is survived by issue of his or her own, to his or her issue who survive me, per stirpes (subject to the provision of ARTICLE FOUR of this will)), the numerator of which fraction shall be the numerator of the fraction provided for in §2.3(a) of this tivilI reduced by the fair market value of the properly distributed to Peter and/or Barbara (or his or her respective issue, as the case may be) as provided for in §2.3(a} of this will, and the denominator of which fraction shall be the fair market value on the date of distribution of the property subject to such power of appointment. If Peter (or his issue, as the case may be) and Barbara {or her issue, as the case maybe} survive me, and if the fraction so determined is greater than'/, then each of Peter and Barbara {or his or her respective issue, as the case may be), shah receive %z of the property subject to the §4.6 Power of Appointment. If only Peter {or his issue, as the case may be) or Barbara (or her issue, as the case may be) survive me, and if the fraction so determined is greater than 1, then Peter or Barbara (or his or her respective issue, as the case may be) shall receive all of the property subject to such power of appointment. (c) The multiplier referred to in §2.3(a) and (b) of this will shall be as follows: -4- My death occurs Multiplier 1. After the date of the execution of this 2S% will and before January 1, 2006 2. During 2006 21% 3. During 2007 18% 4. During 2008 14% 5. During 2009 11 6. During 2010 7°!° 7. During 2011 4% 8. After December 3 ] , 2011 0% (d) Other than the distributions provided for in §23(a)-(b) of this will, it is my intention that, and this will makes, no fiarther distributions to "equalize" my issue for the devise to Sohn or Sheila. It is my intention that the distributions provided for by §2.3(a)-(b) of this will be made as promptly as possible after my death and 1 direct my executor to take all steps necessary to coordinate with the trustees of the trusts over which 1 hold the Section B. Power of Appointment and the §4.6 Power of Appointment to do so. (e} The foregoing provisions of this §2.3 can be illustrated by the following examples: Example 1. The Residence, net of mortgage indebtedness, is valued at $1,000x. The property subject to the Section B. Power of Appointment is valued at $2,SOOx while the property subject to the §4,6 Power of Appointment is valued at $600x_ 1 die in 2005. John, Peter, and Barbara all survive me. Peter and Barbara are each entitled to $250x, determined as follows: $2,SOOx(($1,000x X .2S)/$2,SOOx) = $ZSOx. Since the fraction ($1,000x X .25)/2,500x) is less than ''/z, no distribution is made b}j §2.3(b) of this will. -5- Example 2. Same facts as in Example 1 except that the property subject to the Section B. Power of Appointment is worth $400x. In this event, Peter and Barbara are each entitled to $200x from the Section B Power of Appointment Trust, determined as follows: $400x(($1,000x X .2S)/$400x) _ $2SOx. Since the fraction ($1,OOOx X .25)/$400 is greater than %z, Peter and Barbara each receive '/z of $400x or $200x. With regard to the property subjec# to the §4.6 Power of Appointment, Peter and Barbara are each entitled to $SOx, determined as follows: $600x(({$1,OOOx X .25) - $200x)/$600x) _ $SOx. Thus, Peter and Barbara receive a total distribution of $2SOx ($200x from the Section B. Power of Appointment Trust and $SOx from the §4.6 Power of Appointment Trust. Example 3. Same facts as in Example 2 except that the property subject to the §4.6 Power of Appointment is worth $40x. In that event, although the foxmula as set forth in §2.3(b) of this will produce the following: $40x((($1,OOOx X .25) - $200x)/$40x} _ $50x, since the fraction ((($1,000x X .25} - $200x}/$40x) is greater than %, Peter and Barbara are each entitled to 1/2 of $40x, or $20x, for a total distribution of $220x ($200x from the Section B. Power of Appointment Trust and $20x from the §4.6 Power of Appointment Trust. §2.4 if the property subject to the Section B. Power of Appointment and §4.6 Power of Appointment has not been fully appointed pursuant to the terms of §2.3 of this will and if I have issue of my own who survive me,1 hereby exercise such powers and appoint all remaining property to my issue who survive me, per stiipes (subject to the provisions of ARTICLE FOUR of this will). -6- ARTICLE THREE DISPOSITION OF RESIDUE §3. i I devise and bequeath all the residue of my estate to my issue who survive me, per stirpes (subject to the provisions of ARTICLE FOUR of this will), or if none, as provided for in ARTICLE FIVE of this will. ARTICLE FOUR TRUST FOR BENEFICIARY UNDER 30 YEARS OF AGE §4.1 Any property otherwise to be distributed to a descendant of mine, which distribution is made subject to the provisions of this Article, shall, if such beneficiary is under 30 years of age, be held by the trustees hereinafter named for the benef t of such beneficiary, in trust for the following purposes; provided, however, if such property is from either of the trusts over which I have a power of appointment as provided for in ARTICLE TWO of this will, such appointed property shall be held in a separate trust pursuant to the terms of this Article; §4.2 The trustees shall hold, manage, invest and reinvest the trust property, shall collect the income thereof and shall apply to or for the bereft of such beneficiary so much of the net income and, if the net income is insufficient, so much of the principal of the trust property as the trustees shall from time to time deem necessary or proper for such beneficiary's health, maintenance, support and education, including college and graduate education, and professional, vocational and technical training, and to assist such beneficiary with his or her reasonable wedding expenses, in the purchase of a principal residence and in the establishment of a profession or business considered a good risk by the trustees, taking into account other available funds known to the trustees, including such beneficiary's assets and other trust funds available for such purposes. The trustees shall annually accumulate any net income not so distributed and add the same to the principal of the trust property. -7- §4.3 The trustee shall distribute to such beneficiary all of the principal of the trust property of his ar her trust when such benef ciary attains 30 years of age. §4.4 If such benef ciary dies before the complete termination of his or her trust, the trustee shall distribute the property then held intrust for such beneficiary to such persons or corporations (other than his or her estate, his or her creditors ar the creditors of his or her estate), in such amounts and upon such trusts, terms and conditions as such. beneficiary by his or her Iast will may appoint by specific reference to this limited power of appointment; provided, ]zowever, if the trust has an inclusion ratio of other than zero, the trustee shall distribute the prope:r-ty then held in trust for such beneficiary to such persons or corporations, in such amounts, and upon such trusts, terms and conditions as such beneficiary by his or her last will may appoint by specific reference to this general power of appointment. Any property not so appointed shall be distributed to such beneficiary's then living issue, per stirpes, or if none, to the then living issue, per stirpes, of such beneficiary's nearest lineal ascendant who has lineal descendants then Iiving and is a lineal descendant of mine, or if none, to my then Iiving issue, per stirpes (all such distributions being subject, in the case of a distributee who is under 3~ years of age, to the provisions of this Article (or to being added to an existing trust for the benefit of such distributee under this Aricle)), or if none, as provided in ARTICLE FNE of this will. In adding such property to an existing tnzst, such property may only be added to a trust that is subject to the same rule against perpetuities as the property to be continued in trust (as provided for in §§4.5- 4.6 of this wilt, as the case may be); if no such trust exists, such property shall be held in a separate trust pursuant to the terms of this Article. §4.5 Notwithstanding any other provision of this will to the contrary, upon the expiration of 21 years after the death of the last survivor of my issue living on the date of my death, all trusts created by this Article that were funded with property other than properyy subject to those certain powers of appointment described in §2.3 of this will (or that trace to such source of funding) shall forthwith terminate and the trust property shall be distributed to the beneficiary then entitled to benef t from the income of the trust property. §4.6 Notwithstanding any other provision of this will to the contrary, upon the expiration of 21 years after the death. of the last survivor of my deceased husband's, ALAN H. ANDERSON's, children and grandchildren who were living on March 12, 1982, alI busts created by this Article that were funded with property that was sub}ect to either of the powers of appointment described in §2.3 of ties will (or that trace to such source of funding) shall forthwith terminate and the trust property shall be distributed to the beneficiary then entitled to benefit from the income of the trust property. ARTICLE FNE ULTIMATE DISTRIBUTION §5.1 Any property to be distributed in accordance with this Article shall be distributed to the person or persons who would be entitled thereto if my deceased husband, ALAN H. ANDERSON, and I had then each died intestate and unmarried, each seized and possessed of I/2 of such property and domiciled in the Commonwealth of Pennsylvania. ARTICLE SIX APPOINTMENT OF FIDUCIARIES §6.1 I appoint PNC BANK, NATIONAL ASSOCIATION executor of this will. §6.2 I appoint EVANS ROSE, 3IZ. and PNC BANK, NATIONAL ASSOCIATION trustees of any trust created by this will. The individual trustee serving; from time to time may by an inter vivos writing select an individual to serve as his or her successor if such trustee is unable or unwilling to act or continue as the individual trustee, for any reason whatsoever. In default of such an appointment, the corporate trustee shall serve as the sole tnzstee. -9- §6.3 The individual trustee of any trust created hereunder may require the. resignation of the corporate trustee of such trust by ~~ritten notice to the corporate trustee and the corporate trustee may resign at any time, without stating cause, such resignation to be effective only upon the appointment by the individual trustee, if any, or if none, by a court of competent jurisdiction, of a corporate fiduciary as successor corporate trustee. At such time as the successor corporate trustee shall accept the appointment by filing its written acceptance thereof with the resigning corporate trustee, the resigning corporate trustee shall deliver to the successor corporate trustee the securities and other property in its possession which constitute a part of any trust created hereunder from which the resigning corporate trustee is resigning. As used in this will, the term "corporate fiduciary" shall mean a corporate fiduciary that not a "related or subordinate party" within the meaning of Section 672(c) of the Internal Revenue Code with regard ro the individual trustee or any beneficiary of the trust created hereunder for which such corporate fiduciary would serve as corporate trustee (or the spouses of any of them) and that is doing business within any State, Commonwealth or District of the United States and administering (or is affiliated with, or has control of, any corporation administering) trust assets having a value of at least $500,000,000. §5.4 I appoint the trustees serving from time to time pursuant to the terms of §6.2 of this will as guardians of the estates of any minor beneficiaries under this will, including the proceeds of any life insurance on my life payable to such minors and any other property, rights or claims with respect to which I am entitled to appoint a guardian and have not otherwise specifically done so. §6.5 If at the time of my death I am serving as a custodian of any Uniform Transfers to Minors Act or Uniform Gifts to Minors Act account and have the right to appoint zny successor, I appoint PNC BANK, NATIONAL ASSOCIATION as my successor. -10- .... J___ __ ARTICLE SEVEN POUTERS OF THE FIDUCIARIES §7.1 No fiduciary shal3 be required to give bond or other security for the faithful performance of the fiduciary's duties. §7.2 Any such fiduciary shall have the following powers, in addition to those given by law: §7.3 To invest in, accept and retain any real or personal property, including stock of a corporate fiduciary or its holding company, without restriction. to legal investments; §7.4 To sell, exchange, partition ox lease for any period of time any real or personal property and to give options therefor for cash or credit, with or without security; §7.5 To barrow money from any person including any fiduciary acting hereunder, and to mortgage or pledge any real or personal property; §7.6 To hold shares of stock or other securities in nominee registration form, including that of a clearing corporation or depository, or in book entry form or unregistered or in such other form as will pass by delivery; §7.7 To engage in litigation and compromise, arbitrate or abandon claims; §7.$ To make elections, decisions, concessions and settlements in connection with all income, estate, inheritance, gift or other tax returns and the payment of such taxes, without obligation to adjust the distributive share of income or principal of any person affected thereby; §7.9 To allocate in the executor's sole and absolute discretion, any portion of my exemption under Section 2631(a) of the Internal Revenue Code to any property as to which I am the transferor, including any property transferred by me during my lifetime as to which I did not make an allocation prior to my death; §7.1~ To disclaim any interest I may have in any estate if my executor deems sucI~ disclaimer to be in the best interests of my estate and the beneficiaries thereof; and §7.11 To make distributions in cash, or in kind at current values, or partly iri each, allocating specific assets to particular distributees on a non-pro rata basis, without regard to the income tax basis of any asset and without adjustments for distributions resulting in unequal allocations of income tax bases, and fo:~ such purposes to make reasonable determinations of current values. -11- ARTICLE EIGHT PROVISION FOR TAXES §8.1 Each beneficiary under this will, and each recipient of property included in my estate for death tax purposes but passing outside this will, shall pay all estate, inheritance, transfer and other taxes of a similar nature, and any penalties and interest thereon, attributable to the property so received by each such beneficiary or recipient; provided, however, that all such payments relating to property passing under the terms of this will shall be made at such time or times as the executor may think proper. ARTICLE NINE MISCELLANEOUS PROVISIONS §9.1 Any term used in the singular or plural, or in the masculine, feminine or neuter form, shall be singular or plural, or masculine, feminine or neuter as a proper reading of this will may require. §9.2 As used in this will, the term "Internal Revenue Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provision of subsequent Iaw. §9.3 Notwithstanding any other provision of this will, the general discretionary powers of the trustees are limited so that {a) no trustee shall participate in any decision regarding a discretionary distribution to that trustee personally, and (b} no trustee may use trust income or principal to discharge any legal obligation of that trustee individually. Furthermore, no trustee shall enter into any reciprocal agreement with any other trustee for the purpose of indirectly exercising a power prohibited hereunder. §9.4 Except as otherwise may be provided in this will; whenever the trustees are authorized or directed to distribute property "to or for the benefit of" any beneficiary who is under (aj twenty-one years of age, or (h) a legal disability or othervs~ise suffers from an illness or -12- mental or physical disability that would make distribution directly to such beneficiary inappropriate (as detezmined in the trustees' sole discretion exercised in good faith}, the: trustees may distribute such property to the person wlso has custody of such benef ciary, may apply such property for the benefit of such beneficiary, may distribute such property to a custodian for such beneficiary, whether then serving or selected and appointed by the trustees (including a~ly trustee}, under any applicable Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, may distribute such property to a guardian of such beneficiary's estate, or may distribute such property directly to such beneficiary (except if any of the conditions hereinbefore described in (b} apply}, without liability on the part of the trustees to see to the application of such property. This provision shall not in any way operate to suspend such benefzciary's absolute ownership of such property or to prevent the absolute vesting thereof in such beneficiary. §9.S Except as otherwise may be provided in this will, during the continuance of any of the trusts created under the provisions of this will, and thereafter until the property is distributed to and received by any beneficiary hereunder, the principal sums thus held i:n trust far any benef ciary, respectively, and the incorne thereof shall not be subject to or liable for any contracts, debts, engagements, liabilities or tarts of such benef ciary now or hereafter triode, contracted, incurred ar conunitted, but shall be absolutely free from the same, and such. beneficiary shalt have no power to sell, assign or encumber all or any part of the principal sums or such beneficiary's intez~est therein, respectively, or the income thereof, or to anticipate the income. §9.6 A corporate fiduciary shall be entitled to receive compensation fir its services hereunder in accordance with its schedule in effect when the services are performed, but not in excess of such compensation as would be approved by a court of competent jurisdiction. -13- -- --- §9.7 An individual fiduciary shall be entitled to receive reasonable compensation for such fiduciary's services hea~eunder. §9.8 Every successor or additional fiduciary shall have all rights, powers, privileges and duties, whether discretionary or otherwise, herein given to the original f tiuciaries and shall be subject to the same reservations, limitations, terms and conditions. §9.9 In case of the merger or consolidation of a corporate fiduciary, the resultant company shall become such f duciary's successor without notice to any party. §9.10 If there are separate trusts administered under the terms of this will for the benefit of the same beneficiary, whether or not such beneficiary is the sole beneficiary of any such trust, it is my desire, but not my direction, wi#h respect to any such trust having an inclusion ratio of zero for generation-skipping transfer tax purposes or that is grandfathered from the application of the generation-skipping transfer tax (hereinafter referred to as a "GST-exempt trust"), that the trustees not make any discretionary distributions of net income or principal authorized by the terms of aGST-exempt trust if any cash or readily marketable assets remain in any other separate trust(s) that have an inclusion ratio of greater than zero that authorizes the same discretionary distributions. If such a discretionary distribution is to be made from. more than one GST-exempt trust, it is my desire, but not my direction, that the trustees consider not only snaking distributions from the GST-exempt trust that has the shortest remaining period for the duration of the rule against perpetuities applicable thereto, but also, if assets need to be sold to fund such a distribution, which GST-exempt trust will generate the least income tax liability upon such a sale. §9.11 As between the trustees, the corporate trustee, if any, shall perform all ministerial and administrative duties, including the keeping of books and records, acting as custodian of the trust property and preparing all necessary tax returns. An individual trustee may -14- delegate from time to time to the corporate trustee, if any, by an instztiment in ~ziting, any or all of said individual ti-ostee's rights, powers, privileges and duties, whether discretionary or otherwise. §9.12 It shall not be deemed a conflict of interest for purchases and sales of investments to be made through a corporate trustee or through any finn of which the corporate trustee is a partner, shareholder, proprietor, associate, employee, owner, subsidiary, affiliate or the like. The entity performing such services shall be entitled to receive reasonable compensation therefor and such compensation shall not serve to diminish the compensation to which the corporate trustee is otherwise entitled. §9.13 If the trustees of any trust created under the terms of ARTICLE FOUR of this will hold stock of an S Corporation, as defined by Section 1361(a}(1} of the Internal Revenue Code, and if the trustees of such trust have the discretion to accumulate income, then the trustees shall distribute all of the net income in quarter-annual installments, or more frequently if the trustees deem it advisable, to or for the benefit of the beneftciary of such trust and the provisions of such trust shall be deemed to be amended to the extent necessary to meet the requirements of Section 136I(d) of the Internal Revenue Code. §9.14 No trustee of any trust created under this will shall be Iiable for any Ions or depreciation in value sustained by any trust created hereunder as a result of the trustee retaining any property upon which there is later discovered to be hazardous materials or substances requiring remedial action pursuant to any federal, state or local environmental law, unless such trustee contributed to the loss or depreciation in value through willful default, willful misconduct, gross negligence or fraud. §9.15 If any trust created hereunder would otherwise be partially exempt from federal generation-skipping tax after the intended allocation of GST exemption to it, then, before -15- such intended allocation and as of the relevant valuation date under Section 2642 of the Code with respect to such allocation, the trustees shall create instead two separate trusts of equal or unequal value which shall be funded fractionally out of the available property, and which shall be identical in all other respects to the original trust and shall both be administered pursuant to the provisions of such trust so that the allocation of GST exemption can be made to one trust which will be entirely exempt from federal generation-skipping tax and one trust that will not be so exempt. In such event, the trustees shall act within the time period specified in any applicable Treasury Regulation and in such manner as is so specified in order to permit each trust to be recognized as a separate trust for generation-skipping transfer tax purposes. §9.16 A distribution "per stirpes" of any property to issue pursuant to <~ny provision hereunder shall be made to the issue of the designated individual in the following manner and proportions: such property shall be divided into as many equal shares as, at the time stipulated for distribution, there shall be (a) children of such individual then living and (b) children of such individual then deceased having issue then living, and one such share shall be distributable (x) to each of such living children and (y) by representation to the issue of each of such deceased children. [PEST OF P~4 GE INTENTIONALLY LEFT BLANKJ -16- IN WITNESS WHEREOF, I have hereunto set my hand and seal this o~f1 ~~day Of L~l~ra a ~ > 2004. r '~ " ~A -~~U~~SEAL) ANNE S. ANDERSON Signed, sealed, published and declared by the above-named ANNE S. ANDERSON, as and for her last will, in the presence of us and each of us, who, at her request and in her presence and in the presence of each other, have hereunto subscribed our mines as witnesses thereto the day and year last above written. ~ ~_ i` residing a~_% :ZZ S ~- ~.w „ ~~~e,1 F.->>t:,.,~ ,,` / .~. residing at ~~~~ ~~ ~~~'t~~,.-s,G, Pr~4~ ~5-2Z8 -~~'z~ -- r/ residing at ~ ~ `~~~ _ -~~2~r~ ~ ice`/f.~ -I7- COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF ALLEGHENY I, ANNE S. ANDERSON, the testator, whose name is signed to the attached or foregoing instrument, having been duly gtialif ed according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; and that I signed it ~~,Jillingly and as my free and voluntary act for the purposes therein expressed. ANNE S. ANDERSON Sworn to or affirmed and acknowledged before me by ANNE S. ANDERSON, the testator, this ~~day of il~~ , 2004. (SEAL) .. o~o~_ ~ .~G~ . Notary Public Notarial Seal Bonnie S. Price, Notary Pubtlc City fl1 Pittsburgh, Allegheny County My Commission Exptres Feb. 2'.?, 20:30 ir;si nt~.cr, Pennsylvarib Association Df t ;bsi i°s -18- COl\~IvIONWEALTH OF PENNSYLVANIA COUNTY OF ALLEGE-iENY SS: We, ~~r.~-~-1-,~..,~. {~ - ~~~.n,~rl~ ~J4,«r. c, ~- _ C~~C and ~ ~ ~,,,~5~,~~ ~ J ,r , ,the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw the testator sign and execute the instrument as her Last Will; that the testator signed willingly and executed it as her free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the testator signed the will as a witness; and that to the best of our knowledge the testator was at the time 18 or more years of age, of sound mind and under no constraint or undue influence. Sworn to or affirmed and subscribed to before me by `~ e ~. ~ti~-i-.w ~ • S ~. ~-.~ ~1ti S ~~ r ,- •, v ~ - C~ ~k- and ~ ~ R,~s 65 c ~ ~. ,witnesses, this ~~~ day of us -~- , 2004. (SEAT.,) _ ~ ,~"~-.~`..~-- Notazy Public 846580_7 ___ _ _- hotariai Seal -- Bont>ie S, Price, Notary Pu'.~ic _`~ ~ Cay Of Pittsburgh, Atieoherry County pl,~ C,cxnmission Expires Feb. 22, 2U_'S L...__._ ...: ~?!=:cr, Pannsy~ran=a ~ssaciation tY r'.=' `. -19- ~~~~ ~~ _ Witness EJlark Heckman Rea! Estate Appraisers 1309 Bridge Street, New Cumberland, PA 17070 the No. a APPRAISAL OF LOCATED AT: 4 Alexandria Court Mechanicsburg, PA 17050 FOR: Anderson, John/ Sheila 4 Alexandria Court Mechanicsburg, PA 17050 BORROWER: NA AS OF: February 12, 2010 BY: Mark W. Heckman, Certified General Appraiser Commonwealth of Pennsylvania Certification No. GAOOD666L (7171 774-7202 FAX (717) 774-0383 EMAIL heckmanappraisers~comcast.net Single Family Residential Property I/iark Heckman Real Estate Appraisers Uniform Residential Appraisai Repot i FileNo. 4Alexandria The purpose of this summary appraisal report is to provide the lenderhliem with an accurate, and adequately supported, opinion of the market value or the subject property. Pro ~ Address 4Alexandria Court Ci Mechanicsbur State PA zip code 17DSD Borrower NA owner or Public Record Anderson Anne S. county Cumberland Le al Descri lion Deed Book 00260 Pa e 02093 _ Assessor's Parcel & 36-07-0461.115 Taz Yeaz 09/10 R.E Taxes S 12 502.65 Nei hborhood Name HiIlSlde Farms! Silver S tin TOWRSf110 Ma Reference See Assess Parcel # Census Tract rM X Dwner Tenant Vacant 5 ecial Assessments S NDne known PUD HOA S er ear er month Pro Ri hts A raised Fee Sim fe Leasehold Other (desrribe) As ~ omen! T e Purchase Transaction Refinance Trartsacdon X 0¢her desuibe Estimate market value for estate settlement LenderlClient Anderson John/ Sheila Address 4Alexandria Court Mechanicsbur PA 17050 k the sub'ed ro en ctrrentl offered rot sale or has it been offered ra sale in the twelve months riot to the effettive date of this a sisal? Yes X No Report data source(s) used, offering pricels), and datels). NA I did did not analyze [he wnvad for sale fa the subject purchase transadion. Explain the results of the analysis of the contraR for sale or why [he analysis was not pertormeq. NA Contras Price S NA Date of Contract NA !s the o e seller the owner of ublic record? Yes No Data Sotxre s NA Is there any financial assistance (loan charges, sale concessions. gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? Yes No K Yes, report the total dollar amount and describe the'nems to be paid. S NA Note Race and the racial comoosltion of the nei hborhootl are not ao raisat factors. iNeighbortiootl Chary cteristlcs = ~ - _ - ~ _~r>e-Unl~ Ho~slr~ Trentls -_ - ~-One Unit ~'iousing ~ -Present Lend Use o ._ Location Built-U Urban X Suburbaq Rural Over Z5% X 25-75% Under 23% Pro ert Values Increasin . Demarrd/Su 1 Shorty a X Stable Declinin In Balance X Over Su I PRICE AGE S ODO rs One-Unit 6D % 2-4 Una S % ~ Grovrtn Ra id X Stable Slow Markedn Time Under 3 mths X 3-5 mths Over 6 mlhs 150 Low 5 Multi-Famil % Neighborhood Boundaries See Attached Addendum 800 Hi h 1 DO Commercial 5 % 500.900 Pred. 15-05 Other Vacant 30 % ~~ Neighborhood Description The SUb eCt roe is located in a resti ious develo merit characterized b exce tinny!) Iar a lots and houses in a relative) ve hi h rice ran e. Market activi indicates avers a or berier acre lance in the market lace. No unfavorable factors were observed which would adverse affect marketabili Market Condflions (including support rot the above conclusions) See Attached Addendum Dimensions See Le al Descri lion Area 3.7 acres sna a Rectan ular view Ve Good S cif¢ Zonis classircation Residential Estate zorun Descri lion Prima ermitted use is detached sin Ie-famil residential Zonis Com fiance X Le al L al Nonconformin (Cxandtathered Use) No Zonis Ille al (describe) !s the highest and best use of the subject property as improvetl (or as proposed per plans and specifications) the present use? X Yes No ff No, describe. Utilities Pubric Other (tle5crlbe) Public Other Iescribe) Off-site Im rovements-T a Public Private Electrici X 400 am ere water X sveet Paved as halt X Gas X Sanity Sewer X Alle None FEMA S ecial Flood Hazartl Area Yes X No FEMA Flood Zone X FEMA Ma k 42D4i 00252E FEMA Ma Date 3/16/2009 Are tf>e utilities antl off-site im rovements Tal !or the market area? X Yes No 1f No, describe. Are there any adverse site conditions or external favors (easements. encroachments, environmemal conditions, land uses, etc.)? Yes X No II Yes, describe. __ ~~- GENERALDESCRiPT1ph" `- FOGNDATIOA ;- E3CTERIORwDESCRIFTION matedaislcondition. -INTERIOR"-` - materialslconddion Units X One One with Access Unit Concrete Slab Crawls ace Foundation Walls COrlcrete/ GOOd floors HW/ r„pU Good d of Stories Two X full Basement Partial Basement Ezteriw Walls StOhe/ Good Walls D all! Good T X Det. Ati. S-DeL/Entl Unit Basemen) Area 3000 eSt s . h. Roof Surface Arch Shin le! Gd TnmlFinish WDOd! GOOd X Ezisd Pm osed Under Const. Basement Finish 30% % Gutters & Downs outs Aluml Good Bath Fbor Cer T-lie/ GOOd Design s le Contem ors 2 Sto X outside En rEzit sum Pumo window r e Double insul/ Gd Bam wainscot Cer Tile/ Good Year Built 2004 Evidence of Infestation Storm SaslVlnsulated Insulated! GOOd Car Stvra a None EBecYwe A (Yrsl 5 Dampness Senlement Screens Yes/ Good X Drivewa F of Cars 4 Atrit None Heatin X FWA HWBB Radiant Amenities WoodStove(s k Drivewa Surface AS halt Dro Stair Stairs Other Fuel Nat aS X Fire lace(s) k 4 X Fence Metal X Gara e k of Cars 4 Floor X Scuttle Conlin X Central Aa Conditionin X PatiolDeck X Porch Car on ; o` Cars Finished Heated Individual Other X Pool In- fnd Other X Att. Det. Buih-in A liances Refrigerator RanoelOven Dis[nvasher Dis sal Microwave Washer/D er Other (describe) Finished area above rade contains. 12 Rooms 5 Bedrooms 4.5 Bamis 5 958 5 uare Feel of Gross Living Area Above Grade Additional features (special energy efficient items, etc.), See Attached Addendum _ Describe the condition of the property (including needed repairs, tletedoration. renovations. rernotleling, etc.), The Im rovements are of ve DOd uality frame desi nand reflect nod maintenance. Pro a reflects normal h sical de reciation and no deficiencies were noted. Floor plan rovides good utili desi n and a eat and should receive nod acee lance in the market lace. No unusual functions! obsolescence or external inade uacies were observed. Are there any physica~ tleficierxies or adverse conditions that affect the livability, soundness, or structural integrity o; the property? UYes X No I( Yes, describe. __ Does the property generally conform to me neighborhood (functional utiliq~, style, condition. use, ronslruction, etc.)? U Yes <J No 11 No, describe. rrmoe u~ torn, rv..aRn Bun .,era ~+y w. w.,.Tr.. e~..~n..nrs, ....,ec..<os~ ~~ •F •..~~, , ,-••. Pa¢ 1 N6 1W1 e506Z9a6 IJlark Heckman Reaf Estate Appraisers Uniform Residential Appraisal Report FileNO.4Alexandria There are 4 com arable ro enies current) ofieretl for sale in the suh'ed nei hbdrhood ranoin in ice from S 867,7D0 to f 995 DDO There are 5 comparable sales in the subject n ei hbornood wdtrin the ast twelve months ran in in sale rice from S 799 90D to S 1,10D D00 FEATURE SUBJECT COMPARABLE SALE N0.7 COMPARABLE SALE N0.2 COMPARABtF SALE N0. 3 4 Alexandria Court Address Mechanicsburo 1 Lynchburg Court Mechanicsbur 5007 Pelfingham Circle Enola 1916 Monterey Drive Mechanicsbur Prozuni to sub'ed _ _ ::f Same D_ evelooment 5.3 miles NE 4 5 mites NE Sale Price 5 NA __ ~S _ B36.292 '~ S 950.DDD ' ~ S 945.000 Sak PricpJGross Lia. Area s D. DD s tL _ _ S 163.64 s (L -. - '. S 193.09 s h. ~-- ~ ~ , _ , S 189.87 !h- - Data Sowce(s _= ~?'- MLS & Assessment Records MLS & Assessment Records MLS & Assessment Records vesication sourcels _ ~ - ~ ~ ~ ~', Assessment Reco rds Assessment Reco rds Assessment Reco rds VALUE ADJUSTMENTS 0!'~::~?T'i f:~c. DESCRIPTION •hli n DESCRIPTION .HSrdamrnen DESCRIPTION +(-Isnemmaea Sale or Financing Concessior>s N - - - !' Cash equivalent - ~ None known - Cash equivalent None known Cash equivalent None known Date of Sale/Time __ _ ' 6130!2009 ,NA 10/9/20D9 7/10/2008 -30 DDD Location _ Suburban/ VG Suburban! VG SuburbaN Exc •75 000 Suburban/ VG LeasenolNFee si le Fee Sim le Fee Sim le Fee Sim le Fee Sim le Site 3.7 acres 1.35 acre 25 000 0.62 acre 35 DOO 0.99 acre 3D ODD vrew Ve Good Ve Good ~ Ve Good Ve Good Desi n- 5 le Cont 2 Sto I VG Cont 2 Sto /Exc -50 000 Con12 Sto / Ezc -5D D00 Cont 2 Sto /Exc -5D 000 Oualit of Conswnion Ve Good Ve Good Excellent •50 000 Excellent -50 DDD Actual A e 6+/- Years New -25 DOD 5 +/_ Years 8 +/- Years condition Good Excellent -15 000 Good Good _ Above Grade Taal adm~s e.urs raw earns eaurs raw t~ t~ Tani dead eaNs Room Crwnt 12 5 4.5 11 5 4.5 12 5 5.5 -1 D DOD 11 4 4.5 Gross Uv Area50. DO 5 958 s . h. 4 549' s h. 70 500 4 920 s . n. 51 96D 4 977 s . K. 49 1 DO Basement & finished Rooms Below Grade FuU Basement Rec Rm K-ene Ba Full Basement Unfinished 25 000 Full Basement Unfinished 25 000 FuII Basement Similar wnctional unlit Good Good Good Good - Heatin Conlin GasFA/ CA GasFA/ CA GasFA/ CA GasFA/ CA Ever Efficient Items T irzl for a e T itzl for a e T ical for a e T leaf fora e • Gera elCar ort 4-Car Gar/Att 3-Car Gad Att 10 DOD 3-Car Gar/ Att 10 OOD 4-Car Gar! Att 10 ODO Porct/PatiolDeck Patios Porch Similar Similar Similar Miscellaneous 4 fire laces 3 fire laces 5 000 2 fire laces 1D ODD 3 fire laces 5 ODO Miscellaneous In round Pool None 25 006 None 25 000 Media Room Net Ad'ustmerN (rotaQ 'i X. S 7D,50D X- S 26,1DD X- Y 3590D __ __ Adjusted Sale Price ~. Net Adj. 8.4% of Com ambles I GrossAd. 30.0% S 906 792 Nel Adj, -3.0% Gross Ad' 36.0% S 921 900 Nel Adj. -3.8% GrosSA '. 23.7% f 909 10D I X did did not research th sale or Vansfer history of the subject prnpeny and comparable sales. If noL explain M research did X drd not reveal an ' r sales or transfers or the sub-ect ro rt for the three ears ~dr to the effective dale of this appraisal. Data source(s) MLS and coun assessment records _ M research did X did not reveal an rior safes or Vansfers of the com cable sales for the ar rior to the dale or sale of the comparable sale. Data sources MLS and coun assessment records _ Re ort [he results of the research and anal is of the rior sale or transfer histo of the sub'ed roe antl corn arable sales re ort addmonal rior sales on a e 3 . rTEM SUBJECT COMPARABLE SALE N0. 7 COMPARABLE SALE N0. 2 COMPARABLE SALE NG. 3 Date of Pnor SaleRransfer None within ast three None within rior ear of None within rior ear of None wthin rior ear of Price or Prior 5aleffranster ears. above sale date. above sale date. I above sale date. Data Sotxce(s) Assessment Records Assessment Records Assessment Records Assessment Re:;ords Effective Date DI Data Source(s) Februa 25 2010 Februa 25 2010 Februa 25, 2010 Februa 25 2D1 D Analysis of prior sale or transfer histpry of the subject property and rnmparable sales Research did not reveal an transfer of the sub ect roe for at least 3 ears rior to the effective date of this a raisal. Research did not reveal anv rior sales or transfers of the corn arable sales for the ear rior to the date of sale stated on this re ort. Summary of Sales Comparison Approach. After a thorou h search of all available market data the three sales used are considered to be the best indicators of value, In order to find corn arable sales it was necessa to use less recent sales. Sale No. 3 occured untler better market conditions so an a ro riate ad'ustment has been made. After consideration of al! relevant factors the corn ambles used are the best indicators of value althou h the are all lower in rice than the final value estimated for the sub'ect. Com arable Sale No. 1 is considered the best indicator of value and is wei hted more heavil than Com ambles No. 2 or No. 3. Design ad ustments are made to all sales based u on MLS interior hotos. Com cable sales used are closed sales. Indicated Value tr • Sal__=s Com arrson A roach S 91 D 000 Intllca[ed Value b Sales Comparison A roach s 91 D DOD Cosi A roach (if develo dl S NA Income Approach (if developed) b NA This appraisal is made X 'as is,' subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, ^ subject to the following repairs or alterations on [he basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject to the following regwred inspection based on the extraordinary assumption [hat the condition or deficiency does not require alteration or repair: Based on a complete visual inspection of the interior and exterior areas of the subject property. defined scope of work, statement of assumptions and iim. [Ine conditions, antl appraiser's certification, my (our) opinion of the market value. as defined. of the real property that is the subject of this report is b 9~ O,DDD as of February 12 2D1 D ,which is the date of ins ec[ion and the effective dale of this a raisal. .._-. _ ... ... .............. n•ocm ~n"9 wu Page 2a16aa ai[, wwxwxrxm can rux~e ma-rrxmr law_aS a3a16 Mark Heckman Real Estate Appraisers Mark Heckmon Real Es,afe Appraisers Uniform Residential A~nrai~al RPnnrt ~„o.,~ dQto,.,..,~~,., _ "' '"' -" ` COS~APPRDACH T3 VALUE {rw:reouGe~iFanriie"Mae) ` _ Provide ade ale information For the lendeddient to re licate the below cast fi ores and calwlations. ' ` ` _ ' Support for the opinion of site value (summary of wmparabk land sales or other methods (or estimating site value) ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW DPINIDN DF SITE VALUE .......... ........................ ...... = S Source of cost data Dwelli 5 95B 5 . FL @ S ., .. . . ..... = S 0 • Ouali ratio from cost service Effective date o(cost data BSfnt: 3DD0 5 . F2. S FL @ S ..... ...... = S D Comments on Cast Ao oath (rocs Iivin area calculations, de eciation, etc.) Gara e/Ca ort S . FL @ S ...... ...... = S Total Estimate of Cost-New ...... ...... = S 0 Less Ph sica! Functional Eztemal _ De eciation = S l D De ecialed Cosl of Im rovements ..................... .... _ ...... = S 0 'AS-is° Value of Site Improvements ........................... ..... = S Estimated Remaining Economic Life THUD and VA onlvl 45 Vears INDICATED VALUE BY CDST APPRDACH ... ............ ... = 8 NA - -1NC0tv1E:AF..P.ROA'CN"-T0NtiL0 ElnotrequGecovFannieMae)_. -- - _ Estimated MonMl Market Rent 5 X Gloss Rent Multi tier = 4 IndiraL=•d Vawe nv mcnme kcmoech Summary of Income Approach (intruding support for market rent antl GRM) ___ _ RR0JcC7 rTTF6RMATi~N F©R RL1Ds:(if.apolicahiei- _ Is the develo erPouilder in control of the Homeowners' Association (HDA}? Yes No Unit e(s) Detached Attached ^ Provide the followin inlormation for PUDs ONLY if the develo er/builder is in control of the HOA and the subject ro is an attached dwellm unit. __ Legal name of oro era Total number of hales Total number of units Total number of units sold Total number of units rentetl Taal number of units for sale Data source 51 __ Was [he ro~ect created b the conversion of an exislinq buildin (4 into a PUD? Yes No I( Yes, date of conversion. _ Does the ro ecl contain an multi-dwellin units? Yes No Data sources __ Are the units, common elements, and recreation facilities cgmplete? Yes No If No, describe the status of completion. Are the common elements leased to or by the Homeowners' Association? Yes U No Ii Yes, describe the rental terms and options. Describe common elements and recreational facilities. Page 3 d 6 . ~...- __._ , ~..•~ .row m oozoor h^,ark Heckman Real Estate Appraisers Uniform Residential Appraisal Report Fle1Jo. 4 Alexandra This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following defrnition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (~) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use oT this appraisal report is for the lenderlclient to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The. intended user of this appraisal report is the lender/client DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2} both parties are well informed or well advised, and each acting in what he ar she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5} the price represents the normal consideration for the property sold unaffected by spec~aI or creative financing or sales concessions' granted by anyone associated with the sale. 'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to fnancing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximafe the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: ~. The appraiser will not be responsible for matters of a Iegai nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed tluring the inspection of the subject property or That he or she became aware of during the research involved in performing this appraisal. Unless othenwise stated in this appraisal report, the appraiser has nc knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, Toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alteratrons of the subject property will be performed in a professional manner. Mark Heckman Real Estate Appraisers Uniform Residentia(Appraisal Report Fil=No.4Alexandria APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. i researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that 1 became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, ail statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, whir;h are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the properly that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status.. or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject properly or on any other basis prohibited by law. 1 B. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personalty prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or~individuals in the performance of this appraisal or the preparation of this appraisal report, 1 have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to pertorm the tasks. I have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. ~~ra Mark Heckman Real Estate Appraisers Uniform Residential Appraisal Report riienro.4Alexandria 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at The request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party {including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws and regulations. Further, 1 am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, govemment sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability andbr crimina' penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2 I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraisers certification. 3. The appraiser identfied in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile Transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER Signature ~~~i~~~ Name Ma W. Heckman, Certified Genera! Appraiser Company Name Mark Heckman Real Estate Appraisers Company Address 1309 Bridge Street New Cumberland. PA 17070 Telephone Number (717) 774-7202 Email Address heckmanappraisers@comcast.net Date of Signature and Report 02/25/2010 Effective Date of Appraisal February 12 2010 State Certification # GA-000666-L or State License # or Other (describe) State # State PA Expiration Date of Certification or License June 30, 2011 SUPERVISORY APPRAISER (ONLY IF REQUIRED; Signature _ Name Company Name _ Company Address _ _ Telephone Number _ ~_ Email Address __ Date of Signature _ ~~ State CertiScation # _ or State License # _ Stale Expiration Date of Certification or License ADDRESS OF PROPERTY APPRAISED 4 Alexandria Court Mechanicsburg. PA 17050 APPRAISED VALUE OF SUBJECT PROPERTY $ 910,000 SUBJECT PROPERTY ^ Did not inspect subject property Did inspect exterior of subject property from street Date of Inspection ^ Did inspect interior and exterior of subject property Date of Inspection LENDER/CLIEN7 Name COMPARABLE SALES Company Name Anderson, John/ Sheila ^ Did not inspect exterior of comparable sales from street Company Address 4 Alexandria Court ^ Did inspect exterior of comparable sales from street Mechanicsburg PA 17050 Date of Inspection Email Address Pfotluratl using ACI 100" OS Cbl806 Mark Heckman Real Estate Appraisers A f1IlCl. tflt !RR Borrower. NA File Nc ~ 4 Alexandriz _ Property Address: 4 Alexandria Court Case No ' ^' CHy: MedranicsburQ Stale PA _ Zip: 17050 ~ Lender Anderson, Johnr SheOa ~- Neighborhood Boundaries The subject property is located in Silver Spring Townshipwhich is considered to be fhe boundary of the neighborhood. To locate the best comparables availab{e fhe appraiser may have to extend search parameters to similar neighborhoods within the market area. Neighborhood Market Conditions The local housing market has weakened within the past 16 months. New construction activity has slowed considerably, and the rate of sale of existing homes has diminished substantially from the previous 18 months. Also, the volume of homes for sale has dramatically increased resu}ting in pressure on sale prices. Seller Concessions are very often necessary fo entice buyers in this slow market. Properties in higher price ranges have been more severely impacted, and sale prices have been stagnant or even decreasing in some instances. Additional Features Three gas fireplaces; exterior walls are stone on all sides; nine-foot ceilings on Level One; vaulted ceiling in Family room; extensive built-in pbinetry• second kitchen near family room is used as a bar, main and rear staircases; stone fireplace in living room; five-zone heating and air conditioning systems; dual hot water heaters; basement has large recreation room, kitchenette, and full bath; security system; in-ground heated swimming pool; circular driveway. SUBJECT PROPERTY PHOTO ADDENDUM FRONT VIEW OF SUBJECT PROPE=RTY Date: February 12, 2010 Appraised Value: 4 510,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE tJ~ark Heckman Real Estate Appraisers Sorrovder. tyA File No.: 4 Alexandria - _ address: 4 Alexandria Court Case Nc.: ;ity: AM1echanicsbur St: PA Zi :17050 Lender: Anderson, JohN Sheila Garaoe - - ~_~•- -~-~~: y-- ~ _: .~ ~ ~ =,+ cA ' ',~ Swimming Pool . g ~ , .Y S ' ~ ~ ~.~ ~` ~3~ ~~ ~` ~s, _ ~ ain j~~e~,1 T~J I~~19~~~~~i~~l~, fi~~.~.y' 11 1 ~ I l ~ I..~ ~. ~ ~ 1 ~: fTF"~i'Y'7 Living Room Mark Heckman Real Estate Apprzisers Address: 4 Alexandria Court `-O'O '"" - City~ Merhanir_vburo St: PA Zip:_ 17050 Lender. Anderson, John/ Sheila Dining Room Kitchen Family Room Mark Heckman Rea! Estate Appraisers Borrovder. KA file No.: 4 Alexandria -~~ Address: 4 Alexandria Court Case No.: __~ City: Mechanicsburg St: PA Zip: 17050 Lender: Anderson John! Sheila Auxiliary Kitchen/ Bar Breakfast Area Sun Room Mark Heckman Real Estate Appraisers Borrower: NA File No.: 4 Alexandria __~~ Address: 4 Alexandria Court Case No.: Cit : Mechanicsbur SL PA Zi :17050 Lender: Anderson Johnl Sheila Dining Room Ktchen Family Room I/~ark Heckman Reaf Estafe Appraisers Borrower tdA File No.: 4 Alexandra - ~_ Addre55: 4 Alexandria Court Case No.: ____ City Mechanicsburg St: PA Zip: 17DSD Lender: Anderson, John/ Sheila Level One Master Sadroom Master Bath Foyer/ Main Staircase Mark Heckman Real Estate Appraisers Borrower: NA File No.: 4 Alexandria = ~_~ Address: 4 Alexandria Court Case No.: Ciry Mechanicsburg SL PA Zip: 17050 Lender: Anderson John1 Sheila Level Two Bedroom Level Two Sitting P,oom Level Two Bath r(~MPARABLE PROPERTY PHOTO ADDENDUM Borrower: NA Fife No.: 4 Alexandria Address: 4 Alexandria Court Case No.: Cit : Mechanicsbur St: PA Zi : 1705D Lender: Anderson, John/ Sheila COMPARABLE SALE#1 1 Lynchburg Court Mechanicsburg Sale Date: 6/30/2DDs Sale Price: $ 836,292 COMPARABLE `.TALE #2 5007 Pellingham Circle Enola Sale Date: 1 as/2oo9 Sale Price: $ 95D,DOD COMPARABLE SALE# 1916 Monterey Drive Mechanicsburg Sale Date: 7/1D/2DDE Sale Price: $ s45,DOD PLAT MAP Property Addf255~ 4 Alexandria Court l.a5e IV O.: City Mechanicsburc Slate: PA yip: 17050 774-7202 FAX (717) 774-0383 I nCATIC)N nAAP Borrower. Nr; rile No.: a Alexandra Pro ert Address a Alexandria Court Case No.: City' Mechanicsburg 5ta[e: °A Zip' 17050 Lender: Anderson, John! Sheila i I ~ ~ ~~ _ _, - _`~; , ~ - Sale 2 _ . 1t4 ~S A ~~ _ r ~~ ~;.~ +j ~ 1~ 11 1 \ 1 r \ `. .-~~-^:`- ~ ~ s ~¢ .t--. $ ~'1 ~ :~ /Y o off I I~~I 1 `~ ~ i - ~~ ~ r ~ ~ -'t ~S r ~ ' ~ ~ } ~ -~ '~' ~ ~~}C ] , 1 ~ ~* ~-, ~~,s~~s . ,s.~ ~ ~~ _ ,~ C ~ - ~' ~ J L ;"i 5 ~ S a I ~ ( ~ \.y ,t¢ ~. e ~ ` t r -~- {G11 lI l~9'u~. . j -L ~ ~ T o 5 f}tim,~ ~. r t <~ mesa e b S ' .~ ~ ;1 c u ~ ; , y ~ ~~ __. j ., .. .. 7 ,. -ter -_ - T , . ._ ~ ~ mi Date use :.wed to Feerse. ~ 0 '/. "6 % 1 1 % 1'f, ®20W ,.Currie. Street Allen USA®2008., vrvrw ~~~.~ tNJ (11:1'Y~ Date Zoom 11.3 _~ Yht/l/f //4-/GUG rM tr rr) rr~-w~.~ Main File No. 1002017 APPRAISAL OF REAL PROPERTY LOCATED AT: 4 Alexandria Ct Referenced in Deed Book 260 Page 2093 Mechanicsburg, PA 17050-8224 FOR: Estate of Anne Anderson AS OF: ovo8i2o10 BY: Vincent Minnici Form 6A1_LTR - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE Main Fiie No. 10 2017] Vincent Minnici P.G. Box 6873 Harrisburg, PA 17112 02/09/2010 Estate of Anne Anderson Re: Property: 4 Alexandria C2 Mechanicsburg, PA 17050-8224 Borrower. Estate of Anne Anderson Fiie No.: 1002017 In accordance with your request, we have appraised the above referenced property. The report of that appraisal is attached. The purpose of this appraisal is to estimate the market value of the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership. This report Is based on a physical anaysis of the site and improvements, a lorational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the certification and limiting conddions attached. It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional service to you. Sincerely, Vincent Minnici ~ RL001747L,FHA# PARL001747L Residential Appraiser 'Main File Poo. iD02017] SUMMARY OF SALIENT FEATURES Subject Address 4 Alexandria Ct Legal Description Referenced in Deed Book 260 Page 2093 City Mechanicsburg County Cumberland State PA Zip Code 17050-8224 Census Tract 0118.01 Map Reference 25420 Sale Price E N/A Date of Sala N/A Borrower/ClierA Estate of Anne Anderson Lender Estate of Anne Anderson Size (Square Feet) 5,884 Price per Square Foof S Location SuburbaNGd. Age 6 Years CondAion Good Total Rooms 13 Bedrooms 5 Baths 4.5 Appraiser Vincent Minnici Date of Appraised Value 0 210 8/2 0 1 0 Rnal Estimate of Value $ 1,100,000 Farm SSD -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Vincent Minnici Uniform Residential Appraisal Report iMain File IVo. 100201 Estate of Anne Anoerson Foe # 1 oo2e17 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property. Pro a Address 4 Alexandria Ct Ci Mechanicsbur State PA Z Code 17050-8224 Borrower Estate of Anne Anderson Owner of Public Record Anne Anderson Courtly Cumberland Le al Descri lion Referenced in Deed Book 260 Pa a 2093 Assessor's Parcel # 38-07-0461-115 Tax Year 2009 R.E. Taxes $ 9 500.00 Nei hborhood Name Hillside Farms Ma Reference 25420 Census Tract 0118.01 Occupam Owner '^ Tenant Vacant S ecial Assessments $ 0.00 ~ PUD HOA $ 350 ~ per year ] er month "Pro Ri tits A raised ®Fee Simple ~~ Leasehold ~ Other (describe) Assignment T e Purchase Transaction Refinance Transaction Other describe Market Value LenderlClient Estate of Anne Anderson Address Is the subject roperty current) offered for sale or has it been offered for sale in the twelve months riot to the effective date of ttos appraisal? ^ Yes ~ No Re ort data sources used, ofterin rice s ,and dates . Central Penn MLS _ I ^ did ^ did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the anaysis was not pertormetl. N/A Contact Price $ NIA Date of Contract N/A Is the rape seller the owner of public record? ~ 'Yes No Data Sources N1A Is then; any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behatl of the borrower? J Yes % iJo It Yes, re ort the iota) dollar amount and describe the items to be aid. NIA Note: Race and the racial composition of the nei hborhood are not appraisal factors. " Nei hboriiddtl Characteristics ` One-UnitHousin Trends Onrffnit Housin 'Present Land Use Location ,,~ Urban Suburban Rural Pro Values Increasin Stable Dedinin PRICE AGE One-Unit 60 % _ Built-Up ^ Over ?5% ~ 25-75% Under 25% Demand/Supp Strona a In Balance Over Sup ly $ 000 rs 2.4 Unit 2 % Growth Ra id Stable i Slow Marketin Time Under 3 mths 3-6 mths Over 6 mths 350 Low 0 Multi-Ferri) 3 % Nei hborhood Boundaries Route 944 to the north, Interstate 81 to the west Interstate 76 to the south & 1,500 Hi h 20 Commercial 5 % 'Route 11 to the east. 800 Pred. 5 Other VAC30 % Nei hborhood Descri lion The sub'ect is located in a residential nei hborhood with most) sin le-famil detached homes similar in a e and a eel. Ma or routes of travel located within reasonable distance include Route 11 and Interstate 81 . Em to ment for the area is avers a with no adverse conditions to note. Market Conditions including support for the above conclusions Marke[ conditions a ear stable for this time of ear. Marketin time for reasonable riced housin is within 3 to 6 months. Sales concessions are evident in most transactions and are ical of the common sales. Pro ert values a Dear to be stable. Dimensions Le al Descri lion Not Provided Area 3.7 Acre Shape Rectan ular View Avers e S ecific Zorun Classification R Zonin Descri lion Residential Zarun Com )fence Le al L al Nonconfomd Grandfathered Use No Zorun II al describe Is the hi hest and best use of sub'ect roe as i roved or as ro osed er tans and s ecifications the resent use? Yes No ti No, describe Utilities Public Other (describe) Public Other (describe) Off-site ImprovemeMS - T e Public Private Electrici Water Street As ban ~' Gas Sarrita Sewer Alley None FEMA Special Fbod Hazard Area Yes No FEMA Fbod Zone X FEMA Map # 42041 C0252E FEMA Map Date 3!1 Ei/2009 Are the utilities and off-site im rovements ical for tf>e market area? Yes No tt No, describe Are there an adverse site conditions or external factors easements, encroachments, ernironmental conditions, land uses, etc?? Yes No tl Yes, describe General Descri tidn- Foundation Eztenor Descri lion - _ materialslcondhion Interior matercals7conditicn Units One One with Accesso Unit Concrete Slah Crawl S ace Foundation Walls PouredConcrete/lid. Fbors Wd,C t,TilelGd. # of Stories 2 Full Basement Partial Basement Exterior Walls Stone/lid. Walls D alllGd. T e DeL AIL S-DetlEnd Unit Basement Area 3 524 s .tt. Root Surface Com osShin le/lid. TrirNFlnish Wood/lid. Existi Pro osed Under Const. Basement Flnish 30 % Gutters 6 Downs outs AluminumlGd. Bath Floor Tile/lid. Desi n S le 2 Sto Outside Ent /Exit Sum Pu Window T e Vin IDbIH /lid. Bath Wainscot Fiber lass/lid. Year Buitt 2004 Evidence of Infestation Storm SaslVlnsulafed ThermalW nds/lid. Car Store a None Effective Age rs 2 Year ^ Dampness ^ Settlement Screens YeslGd. Ddvewa # of Cais 4 Attic None Heatin FWA HWBB Radiant Amenities Woodstove s # Drivewa Surface As halt Drop Stair Stairs Other fuel Gas Rreplace s # 4 Fence ®Gara e # of Cars 4 Fbor Scuttle Cooli Central Air Conditioni Patio/Deck Porch Screened Ca ort # of Cars ^ Rnished ^ Healed ^ Individual ^ Other ®Pool ^ Other Att. ^ Det. ^ Buift-in A fiances ^ Refri erator ®Ra e/Oven ®Dishwasher ®Dis osal ®Microwave ^ Washer/D er ^ Other describe Finished area above rode contains: 13 Rooms 5 Bedrooms 4.5 Baths 5 884 Squan; Feet of Gross Livin Area Above Grade . Additional features s ecial ener efficient items, etc.. Thermal one Windows 4 Fire laces Describe the condition of the roe includin needed re airs, deterioration, renovations, remodefin ,etc.. There was no functional obsolescence indicated from the sub'ect ro ert ins ection. The roof a ears to be in pod condition. Ph sical deterioration is ical of the sub'ect affective a e. Are there an h sical deficiencies or adverse conditions that affect ttre Iivabil' ,soundness, or structural int r' of the roe ? Yes No ff Yes, describe Does the ro enerall conform to the net hborhood functional utili , s le, condition, use, construction, etc. ? Yes No tt No, describe Freddie Mac Form 70 March 2005 Page 1 of 6 Fannie Mae Fonn 1004 March 2005 Fonn 1004 -'WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE M in FIe No. 100201? Estate of Anne Anderson Uniform Residential Appraisal Repor# Fle# 1002017 There are 5 co arable roperties current offered for sale in the subect nei hborhood ra ing in price from $ 750,000 to $ 1.000,000 There are 18 comparable sales in the subject nei hborhood within the ast twelve months ran in in sale rice from $ 410 000 to $ L 145,000 FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SAL: # 3 Address 4 Alexandria Ct Mechanicsbur PA 17050-8224 12 Bridgeport Drive Mechanicsbur P,4 17050 1805 Eliza Way Mechanicsburg PA 17050 1 Lynchburg Ct Mechanicsburg Proximit to Subect 261 miles N E 4.47 miles NE Q40 miles NW_ Sale Price $ N/ _ __ $ 810,000 - !$ 1,145.000 $ 836.292 Sale Price/Gross Liv. Area I $ se.ft. $ 190.81 s .tt. $ 225.57 s .tt. $ 183.84 5 .tt.l Data Sources MLS#10181412,A r.Files MLS#10167332 A r.Files MLS#10173672 A or.Files Verification Sources Public Record Public Record Public Record VALUE ADJUSTMENTS I DESCRIP110N DESCRIPTION + - $ Ad'ustmenl DESCRIPTION +f- $ Ad'usiment DESCRIPTION +(-I $ Ad ustment Sales or Financing Concessions Conv. DOM 13 No Seller Hel Conv. DOM 134 No Seller Hel Conv. DOM 0 No Seller Hel _ Date of Sale~me ~ 10/08/2009 06!30!2009 06!30/2009 Location !SuburbaNGd. SuburbaNGd. SuburbaNGd. SuburbaNGd. Leasehcld/Fee Sim le !Fee Sim le Fee Sim le Fee Sim le Fee Sim le Site , 3.7 Acre .81 Acre +43 000 1.07 Acre +39,000 1.35 Acre +35,000 Vew Avera a Avera a Avera e I Avera e Design Style ' 2 Sto 2 Sto 2 Sto 2 Sto Ouali of ConsWction Stone/Gd. Stuc Stone/Gd. Stone/Gd. Brick Vin I/Gd. +5 000 Actual Age ' 6 Years 14 Years +4 000 New -10 000 New - -10 000 Condition ~ Good Good Good Good Above Grade ~ Total Bdrms. BaNS Total Bdrms. Baths Total Bdrms. Baths '. Total Bdrms. Baths Room Court ! 13 5 4.5 10 5 3.5 +3 000 9 4 ~ 4.5 i 11 5 4.5 Gross Livi Area 5,884 sq.fl. l 4,245 sq.ft. +g2 000 5,076 s .ff.i +40,400 4,549 sq.ft. _ +66,800 Basement & Finished RecRoom,Bth Rooms Below Grade 100 % ! 30 % Ktch,RecRm,Btn .100 % / 50 % 1I -5,000 I RecRoom,Bth 100 % / 30 % Unfinished 100% / 0 +15,000 Functional Ufili iAvera a (Avera a Avera a Avera e . Heatin Cooling i GRAlA/CAC GFWA/CAC GFWAlCAC I GFWA/CAC Ener EfficientttemS ThermalWnds ThermalWnds ThermalWnds ThermalWnds Gara a/Ca ort 4 Car Gara e 3 Car Gara a +5 000 3 Car Gara a +5,000 3 Car Gara a +5 000 - Porch/Patio/Deck Screened Porch Deck +1 000 Deck +1 000 Patio • Fre lace 4 Fire laces 2 Fire laces +4 000 Fire lace +6 000 3 Fire laces +2,000 Other ~ Pool Fence Pool Fence None +10 000 None +10 000 Net Ad ustmeni otal f + - $ 137 000 + - $ 91 400 + - $ 128 800 Adjusted Sale Price of Com arables ~ Net Adj. 16.9 % Grass Ad'. 18.1 % $ 947 000 Net Adj. B.0 % Grass Ad'. 9.7 % $ 1 236 400 Net Adj. 15.4 % Gross Ad'. 17.8 % $ 965 092 - I did did not research the sale or transfer history of the sub ect rope and comparable sales. tl not, explain M research ^did ®did not reveal an rior sales or transfers of the subject roe for the three ears rior to the effective date of ttNS a sisal. Data Sources Public Record M research did ®did not reveal an rior sales or transfers of the cam arable sales far the ear rior to the date of sale of the com arable sale. Data Sources Public Record Re ort the resutls of the research and ana sis of the rior sale or transfer histo of the subject roe and com arable sales re ort additional dor sales on a e 3 ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE: SALE #3 Date of Prior Sale/Transfer No Transfer in Last No Transfer in Last No Transfer in Last No Transfer in Last Price of Prior SalelTransfer 36 Months 12 Months 12 Months 12 Months Data Sources Public Record Public Record Public Record Public Record Effective Date of Dafa Soume s 02!05!2010 02(05(2010 02/0512010 02/0512010 Ana sis of rior sale or transfer histo of the subject roe and cam arable sales There are no rior sales or transfers of the sub'ed within 36 months and no transfers of the com arables within 12 months. Sununa of Sales Com arison A roach Com arables are similar in a e and a eat and were the best available at the time of the a sisal. Com arables are all located in a similar market area as the sub'ect and were chosen from a 5 mile radius and 12 month time frame due to the lack of com arables similar ins uare foots a closer to the sub'ect. A SOIs uare foot ad'ustment was made to com arables. There werer no com arables with the same lot size as the sub'ect. Indicated Value b Sales Com arison A roach $ 1 100 000 Indicated Value b .Sales Comparison A proach $ 1 100 000 Cost A proach (ii developed); fl/q Inrnme A roach (if developed) $ Iv/A The Sales Com arison A roach to Value enerall indicates the best value for the sub'ect roe .The Cost A roach and the Incorrre A roach was considered but is not a ro riate for this a sisal. Ttds appraisal is made ®'as is', ^ subject to completion per plans and specifications on the basis of a hypothetical condNon that the improvemems have been completed, ^ subject to the following repairs or alteratons on the basis of a hypothetical condition that the repairs or alterations have been completed, or ^ subject to the • folbwin re wired ins action based on the extraordina assum lion that the condi8on or deficient does not require alteration or re air: No re airs re wired. This a sisal is not valid without all of the attached addenda. Based on a complete visual inspection of the interior and exterior areas of the subject property defined scope of work, statement of assumptions and limiting conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of tfie real property that is the subject of this report is S 1,100,000 as of 02/08/2010 which is the date of ins ction and the effective date of this a sisal. Freddie Mac Fonn 70 March 2005 Page 2 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Inifnrm Rr?cirlantial Annraical RPnnrt Maio File IVo. ' 00 01 Estate of Anne ,4nderson cae~ ~mm~~7 _ ~- COST APPROACH TO VALUE (not required by Fannie Mae) Provide adequate information for the lender/client to re licate the bebw cost ti ures and calculations. Su ort for the o inion of site value summa of com arable land sales or other methods for estimatin site value __ ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW OPINION OF SITE VALUE......_....._...__ ...............__..............._...._...._ _... _$ 250 000 Spume of cost data Marshall & Swift Estimator DWELLING 5 884 S .Ft @ $ 140.00 _.....__ _... _$ 823 760 Ouaf tali from cost service Av Effective dale of cost data 01110/2010 3 524 5 .Ft. $ 25.00 ......... .... _$ 88 100 Comments qn Cost A roach rocs livin area calculations, d reciation, etc. liances and E>aras ......... .... _$ 25 000 See attached addendum for structure dimensions. The Marshall and Swift Gara e/Ca ort 1 048 Sq.Ft. @ $ 25.00 ......... .... _$ 26 200 Valuation Service was used in the determination of the Cost A roach Total Estimate of Cost•New .._._.. .... _$ 963,060 to Value. Less P sical Functional External Depreciation 32 070 =$ 32 070 De reciated Cast of Im rovements ................................................ .... _$ 930 990 'As-is' Value of Site I rovements ................................................ .... _$ 15 000 Estimated Remaining Ecormmic LAe (HUD and VA oNy) 58 Years INDICATED VALUE BY COST APPROACH .___._.....__._.._._..........._._. __..- _$ 1,195.990 INCOMEAPPROACH TO VALUE not required byFannle Mae) = ` E t~ ~ ~ 1 ~ 'o. n, 4t 3 , - - i ; X Gross Rent Multiplier ____ _ $ Indicated Value by Income A roach ~ r r~ ~ cl !r ~ ~ i !n~~ support for market rent and GRM) ` ', PROJECT INFORMATION FOR PUDe pt,applicab)e) - - - -- - _ _ - - - Is the develo erPouilder in conbol of the Homeowners' Association OA ? Yes No Unft e s Detached Attached --- Provide the folbvri intomtation for PUDs ONLY if the develo er/builder is in control of the HOA and the sub'ect roe is an attached dwellin unit. L al Name of Pro'ect Total number of hoses Total number of units Total number of units sold Total number of units rented Total number of units for sale Data sources • Was the ro'ect created b the conversion of e>astin buildin s into a PUD? Yes No 11 Yes, date of conversion. Does the ro'ect contain a mudi-dwelin units? Yes Nq Data Source Are the units, common elements, and recreation facilities com lete? Yes No If No, describe the status qi com letion. Are the common elements leased to orb the Homeowners' Association? Yes No h Yes describe the rental terms and o lions. Descdbe common elements and recreational facilities. _ Freddie Mac Form 70 March 2005 Page 3 of 6 Fannie Mae Form 1004 March 2005 Form 1004 -'WinTOTAL' appraisal software by a la made, inc. - 1-800-AL4MODE Main File plo. 1002017] G ~t~to of Anna Anrlarcnn Uniform Residential Appraisal Report _ =ilea;oozol~ This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD). This report farm is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certrfications tha[ do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, tht; presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be consiriered as an environmental assessment of the property. 6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to sati;;factory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. Freddie Mac Form 70 March 2005 Page 4 of 6 Fannie Mae Form 1004 March 2005 Form 1004 - "<MnTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE ',Main Fiie No_1 D0201 Fcf~lc of Anna Anriarcnn Uniform Residential Appraisal Report File# 100201- APPRAISER'S CERTIFICATION: The Appraiser certrfies and agrees that: 1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements s~;ated in this appraisal report. 2. 1 performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The ,4ppraisal Foundation and that were in place at the time this appraisal report was prepared. 4. {developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior t0 the date of sale of the comparable sale, unless otherwise indicated in this report. 7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land. 9. !have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the'. subject property and the comparable sales. 10. I ver"rfied, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that I believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value arld marketability of the subject property. 15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all statements and information in this appraisal report are true and correct. 16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specfic value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. I personalty prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone I[o make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it. 20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Form 70 March 20D5 Page 5 of 6 Fannie Mae Form 1 D04 March 2005 Form 1004 -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE (Main File No. ? 06201? Fct~ta of Anna Anri arcnn Uniform i~esidentlai ~ppraisai t~eport =;le>y ,0020,7 21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; govemment sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. I am aware that any disclosure or distribution of this appraisal report by me or the lenderlctient may be subject to certain laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings}, or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability anrU'or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFiCAT10N: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either asub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable statr; law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of thus appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceat~le and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER Vincent Minnici Signature ~~• A _ Name Vincent ~t~fL'~-Z Company Name Minnici Appraisal Services Company Address P.O. Box 6873 Harrisburg, PA 17112 Telephone Number (717) 671-1889 Email Address minnici.appraisals(a2comcast.net Date of Signature and Report February 13. 2010 Effective Date of Appraisal ovoaizolo State Certification # RLOO17an. or State License # or Other (describe) State # State PA Expiration Date of Certification or License si3o/2o11 ADDRESS OF PROPERTY APPRAISED 4 Alexandria Ct Mechanicsburg PA 17050-8224 APPRAISED VALUE OF SUBJECT PROPERTY $ 1,100,000 LENDER/CLIENT Name Company Name Estate of Anne Anderson Company Address Email Address SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Name Company Name Company Address _ Telephone Number Email Address Date of Signature State Certification # _ or State License # _ State Expiration Date of Certification or License SUBJECT PROPERTY ^ Did not inspect subject property ^ Did inspect exterior of subject property from street Date of Inspection _ ^ Did inspect interior and exterior of subject property Date of Inspection _ COMPARABLE SALES ^ Did not inspect exterior of comparable sales from streE:t ^ Did inspect exterior of comparable sales from street Date of Inspection _ Freddie Mac Form 70 March 2005 Page 6 of 6 Form 1004-'WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Fannie Mae Fonn 1004 March 2005 Main File tJo. '002D77 Supplemental Addendum File NO.1002017 Borrower/Client Estate of Anne Anderson Pro Address 4 Alexandria Ct _ Ci Mechanicsbur Coun Cumberland State PA Z Code 1705D-8224 Lender Estate of Anne Anderson ScoPE OF WORK ADDENDUM The intended users of this report are the Lender/Client only and not for any others. The Scope of Work to complete this report used the Sales Comparison to determine an opinion of Fair Market Value. The Replacement Cost is used only on new construction or properties that are Tess than 10 years old and the Income Approach is used when the: subject is to be a single family rental property. REPORT REFERENCE COMMENTS Every effort has been made to conform to U.S.P.A.P. and in most cases even stricter interpretations found common to most investors in the secondary market. Exact "R" value insulation factors could not be determined. Any information stated on the appraisal was provided by the inspection where the insulation was visible, or by the owner or agent of the owner where the insulation was concealed. Heating systems abbreviations used in this report are as follows: The first letter denotes the fuel used - O =Oil, c3 = Gas, E = Electric, C = Coal, W =Wood, and D =Duel Fuel. The next series indicated the type of heat: BB =Baseboard, FWA =Forced Warm Air, HWBB =Hot Water Baseboard, CIB =Cast Iron Baseboard, STM =Steam (radiator or convector), HW =Hot Water (Radiator or Convector), RAD =Radiant (heating elements concealed in the ceiling or floors). Air Condition: CENT =Central Air, Wall =Built in wall units. Occasionally, the subject or comparable have special, higher efficiency heating systems: HEAT PUMP = a forced warm air heating system with a conventional backup heating system (usually electric, could be oil or gas) and central air conditioning. Comparable photos may show listing signs or weather conditions different then the subject photos. Photos may t:e taken from the appraisers data base. All of the sates have been viewed by the appraiser as generally requested by the appraisers clients. Subject photographs are original photos taken at the time of the property inspection and have not been altered. The digital signature is an original signature that Ls password protected and is an accepted form of signing an appraisal. SUBJECT PROPERTY NOTATIONS There has not been a title search or survey completed on the subject property that would confirm or deny any encroachment, easements or deed restrictions on or against the subject property. At the time of the inspection of the subject unless noted in the appraisal report, none of the items mentaned in this paragraph were visibly noticed or apparent. The appraisal is made considering the items not present or having no effect on the overall typical use of the subject as valued in this report. If any of these items are present, the Fair Market Value as determined by Phis report maybe adversely affected. When applicable within the appraisal report, ft is assumed, unless noted in the report, that the roof, plumbing, heating, electrical and air conditioning system, wells, septic tanks or cesspool are in satisfactory operating condition, that 'the building is structurally sound and free of termite infestation and free of termite damage. The appraiser suggests i.hat buyers, tenders and other interested parties obtain certifications from properly qualified professionals for their protection. INCOME APPROACH COMMENTS The Income Approach to Value is considered inappropriate for use in this appraisal report. This is based on the 'fact that a typical purchaser for the subject property has an interest in the purchase for their primary residence opposed to the concern of the value generated, through investment, from the possble income produced. In addition, the verifiable information available is not a matter of public record and accuracy is, at best, considered limited in nature. For this reason, although considered, the Income Approach to Value is considered inappropriate for use in this appraisal report. Form TADD -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Main rile iVO. 1 002017 Vincent Minnici BorrowedClient Estate of Anne Anderson File No. 1002017 Prope Address 4 Alexandra Ct __ Ci Mechanicsbur Coun Cumberland State PA ~ Code ?7050-8224 lender Estate of Anne Anderson APPRAISAL AND REPORT IDENTIFICATION This Appraisal Report is t>nc of the following types: ^ Seff Contained (A written report prepared under Standards Rule 2-2(a) , persuant to the Scope of Work, as disclosed elsewhere in this report.) ' Summary (A written report prepared under Standards Rule 2-2(b) ,persuant to the Scope of Work, as disclosed elsewhere in this report.) ~ Restricted Use (A written report prepared under Standards Rule 2-2(c) , persuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) Comments on Standards Rule 2-3 I certify that, to the best of my knowledge and belies: -the statements of fact contained in this report are hue and correct. - the reported analyses, opinions, and conclusions are Ilmited only by the reported assumptlons and limiting conditions and are my personal, impartial, and unbiased professional anayses, opinions, and conclusions. - I have no (or the specified) present or prospective interest in the property that is the subject of this report and no (or the specified) personal interest with respect to the parties involved. - I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. - my engagement in this assignment was not contingent upon developing or reporting predetermined resutls. - my compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direcbon in value that favors the rouse of the client the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequan event direciry related to the intended use of this appraisal. - my anayses, opinions, and conclusions were developed, and firs report has been prepared, in conforndty with the Uniform Starxlards of Processional Appraisal Practice. - I have (or have not) made a personal inspection of the pmperty that is the subject of this report. (ff more than one person signs this certification, the certification must clearly specify which individuals did and wMch individuals did not make a personal inspection of the appraised praperty.J - no one provided significant real property appraisal assistance to the person signing ttlis certification. (ff there are exceptions, the name of each individual providing significant real property appraisal assistance must be stated.) Comments on Appraisal and Report Identification Note any USPAP related issues requiring disclosure and any state mandated requirements: APPRAISER: SUPERVISORY APPRAISER (only if reQuired): Signature: _ ~~~ ~.. Kid`' Signature: Name: Vincent Minnici ~^ Name: Date Signed: February 13, 2010 Date Signed: _ _ State Cerlitiration #: RL001747L State Certlfication #: or State License #: or State License #: State: PA State: ___ Expiration Date of Certification or License: 613012011 Expiration Date of Cert'rfication or License: Supervisory Appraiser inspection of Subject Property: Effective Date of Appraisal: 0 210 8/2 0 1 0 ^ Did Not ^ Exteror-onry from street ^ Interior and Exterior Fomn ID06 - `WinTOTAL' appraisal software by a la mode, inc. - 1-800•ALAMODE Main rr"ile vo_tOD201'] Subject Photo Page Borrower/Client Estate of Anne Anderson -- Prope Address 4 Alexandria Ct City Mechanicsbur Coun Cumberland State PA u Code 17050-5224 Lender Estate of Anne Anderson Subject Front 4 Aiexandria Ct Sales Pdce N/A Gross Living Area 5,884 Total Rooms 13 Total Bedrooms 5 Total Bathrooms 4.5 Location SuburbaNGd. Vew Average Site 3.7 Acre Oual'dy Stone/Gd. Age 6 Years Subject Rear Subject Street Fonn PICPIX.SR -'WinTOTAL' appraisal software by a la made, inc. -1-800-ALAMOOE fJiain ~ ile No. iQDZD1~ Subject Photo Page Subject Front 4 Alexandria Ct Sales Pdee N1A Gross Living Area 5,884 Total Roams 13 Total Bedrooms 5 Total Bathrooms 4.5 Location SuburbanlGd. Vew Average Site 3.7 Acre 6uality Stone/Gd. Age 6 Years Subject Rear Subject Street Form PICPD(.SR -'WinTOTAL' appraisal software by a Ia mode, inc. -1-800-ALAMODE Main r=ile Na '00207 71 Comparable photo Page BorrowerlClient Estate of Anne Anderson ___ Pro a Address 4 Alexandria Ct -~ Ci Mechanicsbu Coun Cumberland Slate PA Zip Code ?7050-82_2? Lender Estate of Anne Anderson ~ Comparable 7 12 Bridgeport Drive Prox. !o Subject 2.61 miles NE Sales Price 810,000 Gross Living Area 4,245 Total Rooms 10 Total Bedrooms 5 Total Bathrooms 3.5 Location SuburbarvGd. View Average Site .81 Acre Qualify StugStone/Gd. Age 14 Years Comparable 2 1805 Eliza Way Prox. to Subject 4.47 miles NE Sales Price 1,145,000 Grass Living Area 5,076 Total Rooms 9 Total Bedrooms a Total Bathrooms 4.5 Location Suburban/Gd. View Average Site 1.07 Acre Quality Stone/Gd. Age New Comparable 3 1 Lynchburg Ct Prox to Subject 0.40 miles NW Sales Price 836,292 Gross Living Area 4,549 Total Rooms 11 Total Bedrooms 5 Total Bathrooms 4.5 Location Suburban/Gd. View Average Site 1.35 Acre Quality Brick,VinyUGd. Age New Form PICPIX.CR -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Main File Ne_1002 1 Location Map Borrower/Client Estate of Anne Anderson Prope Address 4 Alexandra Ct -- Ci Mechanicsbur Coun Cumberland State PA Zip Code 17050-82.24 Lender Estate of Anne Anderson -----~ ~ a fa made, inc: vaaey as sc 4 d .. P , ~. O N ~ ~ ~ Or., Ja ~ )Se+' _va~fay Ra Glenval7s . a cP E 5 - .... ~m x 3 ~ R,Y. _........ ......- ' .... RCglA' _ _ _ Y Ort~__ a ! ! ! t _~ .. - _ s ~~_.. 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SUMram St. ~ xN"- Sc 5 f ^ .~yyT ~a G r.2 i(dr~a„A 4¢ 3- r;;~P m A o T[in61e W y..Fcr r N o prings :n ~ `F a - ; 15 ~ ~~~ ~ xa ~ ~ - -. ti ~ _ Hx ~ `r ~ ,{ .t~ o :Y ~ ~ _ Razbur ., z y a~ ~ a° ~; ~ s '~ o efi v ~,F --- _ 611~ WTrmdle ad v _ `~ ~ ~ ~ Hollida~ /Inding N 4 s ~ ~~ 9vr*`~ ~~ s ~ ~ `O -~ ~ ~ Gaze ~,' ~` Heigh7s' Hll ; N~C~n ,~ o cg r~ 43 P g ti ~ P, m '~ g C rr•,ete~ ~ f nu1~s : b 4 _ o _ _ a~ Q~~ - rcese ~yo~r np 3 ~.J T~JK-. ~Y1~.. ~17'il Y k tr AxM ~ Locust Point :f ~. , 'y-',q..= ~-1ts_. >;~J C;D U.Y ,~, Keyswne _ Forrn MAP.LOC -'WinTOTAL' appraisal sottware by a la made, inc. -1-800-ALAMODE plain file L!~'~0^~01 i] ~nnraiser's 2071 Certification BorrowedClienf Estate of Anne Anderson - Prope Address 4 Alexandria Ct CiN Mechanicsbur Coun Cumberland State PA Zp Code 17050-SZZ4 Lender Estate of Anne Anderson ~}~. ~ i ~ P ~nn~ •lvania Comiuaflwealt$,of e y ~ ~ ~ $ =.05~$D 5 $4 ~ i''~--engai'~tate Depa i ,} ~ Bureau otPro .~i~da1"'~"n~t~b~cu~ationa~Affuirs ~,' =~ POBo~~6~49'HarrisburgP~'~t~IfE11a5-2639 t ~ y ~- Certi~cute°~tatus „~ _ t ~} ~ Certifeate Trpe ,~ , raiser °' 9y` i CertifledRasident[af App ~ .. - r s- '; Activa x r _ ~ ~`' ~_ '~ 'ti' rf Initial Ce[ti#5cation=Date _. „ ;--..._ .,_ ~ { ""~-„4-..•.°""°'"f a31II81'i994 ~~ ~.- ~: 1IilCEN7 MINNiCI . Certiiieate ~_ _ ~ _ Ltium~er 6287 Ylfthers Cr ~ . -, 'HARRISBURG PA 17111 ~ _ - i ~ ]£Cprratlon;I'iate t RL001747 L „ ... ~~ _ 06'3012011 , ~~ ` ~ f ~~~~ ~?'7U~u~~ _ comm~se;o!~obPmr i~~a,r.ana t~i:curunon~ ~n m_t _ ~ ~ -- _._ _ ,...(~4@;~F'I Form MAP.Traftic -'Win70TAL' appraisal software by a la mode, inc. -1-800-ALAMODE Appraiser's E&Q lnsuraeice a olicy !Main File fJo 100201] ~~~~.~ /~t~~~, GENERAi_ STAR NATIONAL iNSURAiJCE COMPANY j Financial CenEre ~"'"~^ P.O. Box 10380 Stamford, Connecticut 06904-2360 REAL ESTATE APPRAISERS ERRORS & OM1SSI~NS INSURANCE P4LlCY dECLARATIONS PAGE T'hic is a claims mach and reporbad policy, Please read chic pnticy and all endorcemanic and attachments carefully. Policy Number: NJA9979-t8C RenewaE of Number: NJA9479J8[i 1. NAMED INSURED: ~'incenlMleniri STREET ADDRESS ti267 i3'ithers Course Hurrisi~ urY, Pa 171 ] i 2. POLICY PERIOD: Jnception Date: tr_;nur2otls Expiration Date: asnw2tilo E€fective 1201 a.m- Standard Time at the address of the Named Insured. 3. LIMIF OF LIABILITY: Each Claim: 5 500,000 Aggregate: Si,DI10,Otq Claim F~cpenses have aseparate Limit of Liability: Each Claim: S ~,~ Aggregate' 51,000,000 4. DEDUCTIBLE: Each CtaJrte $500:00 Aggregate: $f,000.00 3. RETROACTIVE DATE: tlsn:u2t1o2 If a date is indicated, thi$ policy will nofi provide coverage far any Gtaim arising out of any act, error, omission or personal injury which occurred befars such date. fi. ANNUAL PREMIUM: S 5dfi.DO 7. ENDORSEMENTS: This policy Js made and accepted subject to the printed policy form together vnth the following form(s) or endarsement(sj. os;v~7-Ar-12~i+nr..4u7rest~7-Ar-s~nra futnou7r SIY-n7-APd7c (1~1~!bf171 175N-07•AY-247 fnF;:(N!7) 8. MANAGING AGENT Herbert H. Landy Insurance Agency, Ina ~~^~-~ C~t 7K.cy~r7c~pp/'r~--I 75 Setortd Avenue, Suite 4t0 v '~ Needham, Massachusetts 02A9~-2876 Authorized Representative GSN-07-AP-720 {0612007} CJ CopyrighE 2007. General Star Management Company, Stamford. CT Page i of 1 ProduccY Code: 0002630 Claims Code: 73128 i}afr. 0~24l200? SLAtt: Form SCNLGL -'Win70TAL' appraisal software by a la mode, inc. -1-800-ALAMODE Builating SRetch (Main F+le Iyo. 100201- Borrower/Client Estate of Anne Anderson --, Property Address 4 Alexandria Ct Ci Mechanicsbur Coun Cumberland State PA LID Code 17050-8224 Lender Estate of Anne Anderson _ (~s~ hl f ien Ii tnq noon n^~^ n v~35n h1 S s ish .x s~fi 0etli 5ern B°4OA1 n.ebon _ facpSe'h~- Pvw coam exn~ ~+ •w~ •f~we s, hl - .SM1 C ]Bh ien isn Aron Gkulationa Summary LSnng Aica .. - ...' '-:. .' . , '... GI<ulation-Deans ~ first Floor 3523.5 Sq h ~ 32 x 42 _ I344 0.5 x 5 x 5 = 12.5 37x5 = 165 92x2 - 84 38 x 12 = 456 97 x 11 ~ 517 93 x 15 = 645 35 x 8 ~ 260 Semnd Fbor 2360 Sq ft 25 x 15 = 375 32 x 18 = 576 22 z 15 ~ 330 21x11 = 231 28 z 28 = 789 9x16 = 69 Tobl LirinB Area (Rounded): 5884 Sq K Non-l3ieq Area :. .. '_ 9 Car Attached 109N Sq ft 26 x 36 = 988 4x15 60 Screened Porch 252 Sq k 18 x 14 = 252 Forrn SKT.BIdSkI -'WinTOTAL' appraisal sattware by a la mode, inc. -1-800-ALAMODE Borrower/Client NIA File No. 1002050tMB Prope Address 4 Alexandria Ct Ci Mechanicsbu Cou Cumberland State ?A Zip Code 17050-8224 Lender Client: John & Sheila Anderson TABLE OF CONTENTS Cover letter ............................................................................................. ......................................................................................................................... 1 Summary of Salient Features ..................................................................... ........................................................................................................................ 2 Subject Photas .......................................................................................... ........................................................................................................................ 3 URAR ....................................................................................................... ........................................................................................................................ 4 Additional Comparables 4-6 ...................................................................... ........................................................................................................................ 6 Comparable Photos 1-3...._._ ................................................................... ........................................................................................................................ 7 Comparable Photos 4-6 ............................................................................. ........................................................................................................................ B Supplemental Addendum .......................................................................... ........................................................................................................................ 9 Copy of the Deed ....................................................................................... ........................................................................................................................ 11 Copy of the Deed ....................................................................................... ........................................................................................................................ 12 Copy of the Deed .........................................................................._. .......... ................................................................................................................. ....... 13 Statement of Limiting Conditions ............................................................... ........................................................................................................................ 14 Flrst Floor Plan ........................................................................................... ....................................................................................................................... 16 Second Roar Plan ...................................................................................... ........................................................................................................................ 17 Tax Parcel Map .......................................................................................... ........................................................................................................................ 18 Location Map ............................................................................................. .................... ..........................................................•------.-................................ 19 Forth TOCP -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE 'Maio Fle No. 100205D1M8 Pa e ~] RSR Appraisers & Analysts 3 Lemoyne Drive Suite 100 Lemoyne, PA 17043 John & Sheila Anderson 4 Alexandria Court Mechanicsburg, PA 17050 RE: Estate of Anne S. Anderson 4 Alexandria Court Mechanicsburg, PA 1705D Dear Mrs. Dove: Pursuant to your request, I have prepared a Summary Appraisal Report for the property captioned in the "Summary of Salient Features" which follows. The accompanying report is based on a site inspection of improvements, investigation of the subject neighborhood area of influence, and review of sales and cost for similar properties. This appraisal has been made with particular attention paid to the applicable value influencing economic conditions and has been processed in accordance with nationally recognized appraisal guidelines. The retrospective market value conclusion stated herein is as of the date of death of Anne S. Anderson, on November 20, 2009; as stated in the body of the appraisal and contingent upon the certifications and limiting conditions attached. The date of inspection was February 5, 2010. Please contact me, if I can be of additional service to you. Respectfully, William Gregory Rothman PA Certified General Real Estate Appraiser Eorm DCVR - "WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Main File No 10020507MB °a #^ SUMMARY OF SALIENT FEATURES Subject Address 4 Alexandria Ct Legal Description Recorder of Deeds Book 260, Page 2093 City Mechanicsburg County Cumberland State PA Zo Code 17050-8224 Census Tract 0118.01 Map Reference 25420 Sale Price $ NIA Date of Sale N/A Borrower NIA Lender/Cliem Client: John & Sheila Anderson Size (Square Feet) 5,823 Price per Square Foot $ Location Suburban Age 6 years Condifian Very Good Total Rooms 15 Bedrooms 5 Baths 4.5 Appraiser William Gregory Rothman PA Certified General RE Appraiser Date of Appraised Value 11/20/2009 Opinion of Value $ 1,150,000 form SSD2 - "WinTOTAL' appraisal software by a la mode, inc. - t-800-ALAMODE (Main File No. 10020501 MB p e ~3 Subject Photo Page Borrower/CIieM N/A - Property Address 4 Alexandria Ct -- Ci Mechanicsbur Coun Cumberland State ?A - Code 17050-8224_ Lender Client: John & Sheila Anderson Subject Front 4 Alexandria Ct Sales Price NIA Grass Living Area 5,823 Total Rooms 15 Total Bedrooms 5 Total Bathrooms 4.5 Location Suburban View Residential Site 3.? acres Duality Very Good Age 6 years Subject Rear Subject Street Form PICPD(.SR -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Real Estate Appraisals (717) 315-7032 eta11Cf1Q11A QCCItflChIT1A1 APDRAICAI RFPf1RT ri., a„ ~nn~n~m nna -ru -n i i _____ ______ __._ _ Pro a Address 4 Alexandria Ct Ci Mechanicsbur Slate PA ~ Code 17050-8224 L al Descri tion Recorder of Deeds Book 260 Pa a 2093 County Cumberland Assessor's Parcel No. 38070461115 Tan Vear '09=10 R.E. Taxes 12 502.65 S ecial Assessments S N/A Borrower N1A Current Owner Anne S. Anderson Estate Occu ant: Owner Tenant ^ Vacant Pro a ri Ms a raised Fee Si le Leasehold Pro ect T e PUD !Condominium fHUDNA on HOA $ 418 iMO. Nei hborhootl or Pro ect Name Hillside Farms / Silver S rin Townshi Ma Reference 25420 Census Tract 0118.0 ~_ Sale Price NIA Date of Sale N/A Descri Pion and anrount of loan char a concessions to be aid b seller N/A Lender Client Client: John & Sheila Anderson Address 4 Alexandria Court Mechanicsbur PA 17050 A raiser Mark A. Baron, Asst to PA Certthed Gen R Address 3 Lemo a Drive, Suite 100, Lemo ne, PA 17043 Location J Urban Suburban Rural Predominant PRA 9(e Tamily hoAGEg I Present land use % Land use rhange 8uiti up ^ Over 76% ®25-75% ^ Under 25% occupandy $(UO(1) brs) ~ One (amity 100 ®Not likely ^ Likely Growth rate ^ Rapid ~ Stable ^ Slow ®Owner 90 300 Low ne ~ 2-4 family ^ In process ^ Stable ®Declining values ^ Increasin Pro ert ^ Tenant 1200 Hi h 8 'Multi-family To: g p y e ®In balance ^ Over supply Demandlsu y ^ Shorta ®Vacanf (0-5%) Predominant i Commerciah __ pp g Marketin time Under 3 mos. 3-6 mos. Over 6 mos. Vac. mer 5% 635 4-6 Other I Note: Race and the raelal composition of the neighborhood are not appraisal factors. Neighbdmood boundaries and characteristics: The neighborhood boundaries are indicated on the neighborhood map enclosed in the Addendum of this re ort. Sub ect is located in Hillside Farms in Silver S rin Townshi which is rimarii residential in nature. Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amendies, employment stability, appeal to market, etc.): The net hborhood is most suburban. The im rovements are at the hi h end of value when tom ared to the surroundin net hborhood. The _ sub ect affords ood access to all the necessa su ortin facilities includin schools sho in recreation and a varlet of em lovment 0 ortunit .There are no a arent adverse factors which mi ht im ad the sub ect's marketabild , exce t as noted elsewhere within this re ort. Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time •- such as data on competitive properties far sale in the neighborhood, description of the prevalence of sales and financing concessions, etc ;: The search of coun tax records the MLS service, and information athered from realtors familiar with the sub ect's market indicate rites to be in decline. Mort a e funds are readil available for ualified a licants from a varie of sources with conventional loans bein 4.50 % to 6.00 % interest fixed 30 ear mort a e. MLS Market statistics indicate that the avers a sale rice sold in 2007 for Silver S rin townshi of detached sin le fami homes over $500,000 was $702 713 in 2008 the avers a sale rice sold of detached sin le fami/ homes over $500,000 was $627,630, and the avers a sale rice sold of detached sin le fami homes over $500.000 in 2009 was $606,709. Project Information far PUOs (tt applicable) - - Is ttfe developedhuiider in cordrol of the Home Owners' Association (HOA)? Yes i No Approximate total number of units in the subject project Approximate total number of units for sale in the subject project _ Describe common elements and recreational facilities: Dimensions See Le al Descri lion in the Deed Topography sloped away from sub ed Site area 3.7 acres Comer Lot ^ Ves ®No Size above average Specific zoning classification and description RE -Residential Estate Shape Irregular Zoning compliance ®Legal ^ Legal nonconfomfing (Grandfathered use) ^ Illegal ^ No zoning Drainage Appears Adequate Hi hest ~ best use as im roved: Presets use Ocher use ex lain View Wooded/Good, Elevated UtiIlC~es Public Other Off-site Improvements Type Public Private Landscaping Typical Hardscapin Good Electricity ® Street paved ® ^ Driveway Surface Macadam Gas ~ Curb/gutter none ^ ^ Apparent easements Utilities Drainage Water ® Sidewalk none ^ ^ FEMA Special Fbod Hazard Area ^ Yes ®No Sanitary sewer ® Street lights typical ® ^ FEMA Zane X Map Date 3/16/2009 Storm sewer Alle none FEMA Ma No. 42041C0252E Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): There arre no a arent site conditions or non-utili or drains a easements or conditions that would adverse) affect marketabilit and use. GENERAL DESCRIPTION E)(TERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION of Units 1 Nd FouMation ured conc. Slab None Area Sq. Ft. 3 331 Root __ ^ . No. of Stories 2 Exterior Walls Stone Crawl Space none % Finished 25 Ceiling ~ ep ors ) Det. Type (DetJAtt Roof Surface shin le Basement Full Ceiling D Wall Walls appears . Design (Style) Traditional Gutters & Dwnspts. aluminum Sump Pump es Walls D Wall Fbor _____ ^ t3dstirtg/Proposed Existin Window Type Thermo one Darrgrness None observed Fbor c t ctile None __ ^ Age (Yrs.) 6 StorrNScreens No/No Settlement None observed Outside Entry W IkoutDoors Unknown ^ Effective A e rs. 2 Manufactured House No Infestation None observed ROOMS Fo er Livin Dini Kitchen Den F ami Rm. Rec. Rm. Bedrooms # Baths Laund Ot her Area 5 . Ft. Basement X 1 3 331 Level / X 1 1 2 1 1 1 1.5 X 2 - 3,331 Level 2 1 4 3 1 _ 2 492 Finished area above rode contains: 15 Rooms 5 Bedroom s ~ 4.5 Bath s ~ 5,823 5 ware Feet of Gross Livin Area INTERIOR MatedaWCondition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: 4 car Fbors c t. wd c-tile /Good Type FA Refrigerator ® None ^ Flreplace(s) # 4 ® None ^ Walls DW Fuel as RangeJOven ® Stairs ^ Patio ,slab ® Garage # of cars TrirNFlnish CM CR WscVGood Condition Good Disposal ® Drop Stair ^ Deck ^ Attached __ Bath Floor CtilelGood COOLING Dishwasher ® Scuttle ® Porch .screened ® Detached _ Bath Wainscot Ctile f /Good Central Yes FaNHood ® Floor ^ Fence around pool ® Buifl-In _4 car Doors Wood ockeUGood Other Microwave ® Heated ^ Pool inground ® Carport _- Condition Good Washer er Fnished Drivewa as halt Additional features (special energy efficient items, etc.): See attached addenda. Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of consVuction, remodeling/additions, etc.: There are no h sits/ inade uacies and no re airs are re wired. The uali of construction is rated as ve ood. The sub'ect's lower level finished areas and in-law suite exceed market a ectations which roduce su erode uac .The full de reciated cost of these items cannot be recovered with resale. However su erode uacies do contribute to the value of the roe A ro riate ad'ustments were made as needed. Adverse environmental conditions (such as, but not limited 10, hazardous wastes, tonic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property.: There are no known or apparent adverse environmental conditions that would negatively impact on the sale of the roe .See addendum. Freddie Mac Form 70 F/93 rRUC i ur z ranum ~~~a~ ~~ ~~~ ~~.,, woo Form UA2 -'WinTOTAL' appraisal software by a b mode, inc. -1-800-AIAMODE v~~„~r .~.,..:,.. IINIFf1RM RPSIIIFNTIe1 ePPRalcei RFPnRr ESTIMATED SfTE VALUE ............ ........ _.............. _..-.... _ $ ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: Dwelling 5,823 Sq. Ft. @$ _ $ 3,331 Sq. Ft @$ - Comments on Cost Approach (such as, source of cost estimate, srle value, square foot calculation and for HUD, VA and FmHA, the estimated remaining economic life of the property): The Cost Approach will generrall result in a reliable estimate of value if the buildin is new or -easonabl - new and the im rovements reflect the hi hest and best use of Garage/Carport Sq. FL @$ - the land. However when items of hvsicat de reciatian must be Total Estimated Cost New .............. ._....-... _.. _ $ estimated, an area of Ld ement is involved which is sub ect to Less Physical Functional External error. The Cost A roach was not utilized due to the a e of the Depreciation ~ ~ _$ sub'ed. DepreciatedValueoilmprovements ......_. -..........__-_..._ _$ --- 'As-is'Valueot Sitelmprovements ............._......_-__....... _$ INDICATEDVALUE BY COST APPROACH ............................ _$ --- ITEM SUBJECT CDMPARABLE N0.1 COMPARABLE N0.2 COMPARABLE N0.3 4 Alexandria Ct Address Mechanicsbur 1920 Monterey Drive Mechanicsbur PA 17050 5007 Pellingham Circle Enola PA 17025 5037 Heatherington VVay Enola PA 17025 Proxini to Sub'ect 4.58 miles NE 5.22 miles NE _ 5.43 miles NE Sales Price N/A ~ 1,100,000 950 000 ~$ 1.020.000 Pdc Gross Livin Area $ ~ $ 209.64 165.10 ~ _ $ 206.27 ~ ~ Data and/or Verdication Source Inspection ubiic record MLS #10163534 ubiic record a ent MLS #10179755 ubiic record, a enl MLS #10148550 ubiic record a ent VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(- $ Ad'ust. DESCRIPTION +(- $ Ad"ust. DESCRIPTION <I-)$ Adiust. Sales or Financing Concessions Conv./DOM 15 Cls. Cost / Re air '. Conv./DOM 90 Cls. Cost / Re air ; Conv./DOM 264 : Cls. Cost! Re air ' -2 500 Date of Sal rme 6!16/2008 -02 000 10!9/2009 5/1412008 - ~6 000 Location Suburban Suburban Suburban Suburban Leasehold a Si le Fee Sim le Fee Sim le Fee Simple _ Fee Sim le Site 3.7 acres 1.79 acres +38 000 .82 acre +57,000 _ .87 acre / and +21,000 View Residential Residential Residential _ Residential Desi n and A eal TraditionaVStone Traditional TraditionaVBrk Dv ! +40 000 _ Traditional Duali of Construction Ve Good E uaI ~ E ual _ E ual A e 6 ears 7 ears 5 ears __ 1 ear -20 000 Condition Ve Good E ual E ual E ual ^ Above Grade Total ~ Bdrms~ Baths Total 8drms ~ Baths ~ Total ~8drms Baths ~ ~ Total ~ Bdnns ~ Baths Room Count 15 ~ 5 ~ 4.5 12 ~ 6 ~ 4.5 ~ 14 ~ 5 ~ 5.5 ~ -10,000 12 5 4.5 Gross Livi Area 5,823 S . Ft. 5,247 S , Ft. ~ +57 000 5 754 S . FtF~ 4,945 S . Ft. +87,000 - Basement & Finished -Rooms Bebw Grade Full, Part Finish Game Rm Bath Full, Part. Finish MR GR K 28aths ~ -35,000 Full, unfinished none +50 000 Full, unfinished none +50,000 Functional Util' Avera a Avera a Avera a Avera e Heati Conlin FA asICAC FA asICAC FA as/CAC FA as/CAC Ene Efficient Items T ical T ical T ical T ical Gara Ca ort 4 car ara e 4 car ara e 3 car ara a +6 000 3 car ara e +6,000 Porch, Patio, Deck, Fr laces etc. Enc.Pch, Patio 4 Fire laces Deck, Patio +10,000 3 Fire laces +4 000 Patio +15,000 2 Fire faces +8 000 Deck, Patio +10,000 3 Fire laces +4 000 Fence Pool etc. Pool Fence none +25 000 none +25 000 none +25 000 Net Ad'. total ~- IRI + (~ - i 57 000 !Rl + __ I-I - ~ 191 000 l~ + I- - i S _ 134,500 Adjusted Sales PriceI ~ ~ ~~~' of Com arable - $ 1 157 000 $ 1 141,000 1,154,500 Comments on Sates Comparison ('including the subject property's compatibility to Ne neighborhood, etc.): Sales of homes similar in size to the sub'ect were limited. After a [horou h search of all available data the coin ambles chosen were considered to be the best available. Ad'ustments were made to reflect substantial differences between the coin arable ro erties and the sub'ect. The ad'ustments chat were made reflect the teal aUions of bu ers and sellers in the market lace. Due to the sub'ect's size and uni ue a eal some ad'ustments ma exceerd recommended uidelines however were considered necessa to derive a conclusion of value for the subject. ITEM SUBJECT COMPARABLE N0.1 COMPARABLE N0.2 COMPARABLE PIO.3 Date, Price and Data none in the last none in [he last none in the last none in the last Source, for prior Saks 36 months 12 months 12 months 12 months wilfun ear of a sisal ubiic record ubiic record ubiic record ubiic record Analysis o1 any current agreement of sale, option, or listing of subject property and analysis of any prior sales of subject and comparaWes within one year of the date of appraisal: The sub'ect is not curcentl under contract or listed in the o en market. Neither the sub'ect or the coin ambles have transferred within the ast three ears. INDKATED VALUE BY SALES COMPARISON APPROACH .. .._ ..............................._...._......__........_..._......_......._ $ 1,150,000 INDICATED VALUE BY INCOME APPROACH if A licable Estimated Market Rent $ N/A Mo. x Gross Rent Multi lier NIA = $ N/A Tf1is appraisal is made 'as is' subject to the repairs, alterations, inspections or conditions listed below subject to completion per plans 8 specifications. CondiSons of Appraisal: No warranty of this appraisal is given or implied. No liability is assumed for the structural and/or mechanical elements of the ro ert . Rnal Reconciliation: Due to lack of quantity and quality of rental data the Income Approach was considered inappropriate and not utilized. Greatest wet ht was iven to the Sales Com orison A roach as it reflects the teal actions of bu ers and sellers in the market lace. The Cost roach was not utilized due to the a e of the sub'ect as stated above in the costa roach comments section of this re ort. The purpose of this appraisal fs to estimate the market value o11he real property that is the subject oT this report, based on the above conditions and the cerfitication, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439(FNMA form 10046 (Revised 06!93 ). I (WE) ESTIMATE THE NIARKETVALUE, AS DEFINED, OF THE REAL PROPERTY THAT t5 THE SUBJECT OF THtS REPORT, AS OF 1 7120/2 00 9 (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THI5 REPORT) TO BE $ 1,150,000 APPRAISER: A ~Q SUPERVISORY APPRAISER (ONLY IF REQUIRED}; Signature ~ ~p4~tD-'L Signahxe {R~ ~s ®Did [] Did Not Name Mark A. Baron Asst to PA Certified Gen RE Appraiser Name William Cory Rothman PA Certified Ger Inspect Property Date ReDOrt Sinned February 14 2010 Oak Report Signed February 14 2010 State Certification # State State Certification # GA001455 State PA Or State License # State Or State License # State n cuuro mac rurm rU qe6 YAlit 1 UhZ Form UA2-'WinTOTAL' appraisal software by a la mode, inc. -1-B00-ALAMODE Fannie Mae Form 1004 (i-93 UNIFQRM RESIDENTIAL APPRAISAL 6iEPURT MARKET DATA ANALYSIS I nese recent sales of roperties are most similar and proximate to sub ect and have been considered In the market analysis. The description includes a dollar adjustment, reflecting market reaction to those dems of significant variation between the subject and comparable properties. H a significanf item in the comparable property is superior to, or more favorable than, the subject property, a minus (-) adjustment is made, thus reducing the indicated value of the subi'ect. ti a signiicant item in the comparable is inleridr to, or less favorable than, the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject. ITEM SUBJECT COMPARABLE N0. COMPARABLE N0. COMPARABLE PIO. 6 4 Alexandria Ct Address Mechanicsbur 2300 Claridge Court Enola, PA 17025 1 Lynchburg Court Mechanicsbur PA 17050 Proxini to SUb'ect 528 miles NE 0.40 miles NW Sales Pdce - $ N/A - _ ~ 1,025.000 $ 836,292 $ Pdc Gross Livi Area ~ 233.96 ~ 181.92 ~ i 1~ ` Data and/or Verification Sources inspection ublic record MLS #10160081 ublic record a ent MLS #10173672 ublic record, a ent _ VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(- 5 Ad'usL DESCRIPTION +1-)$ Ad'ust DESCRIPTION + -13 AdbsL ___ Sales or Financing ~ Concessions i _- Conv.lDOM 4 Cls. Cost / Re air : Conv./DOM 1 ; Cls. Cost / Re air '. Date of Sal lme 4/30/2008 -46 ODO 6/30/2009 Location Suburban Suburban Suburban Leasefakt a Sim le Fee Sim le Fee Sim le Fee Sim le Site 3.7 acres 1.08 acre +52,000 2.35 acres +47,000 Utew Residential Residential Residential Desi n and A eat TraditionaVStone Traditional TraditionaUBrk Vn ! +60 000 Duali of Construction Ve Good E ual E ual A e 6 ears 4 ears 1 ear -20,000 Condition Ve Good Su erior -15 000 E ual Above Grade Total Bdrms~ Baths Total ~Bdrms~ Baths Total Bdrms~ Baths Total Bdrms~ Baths Room Count 15 ~ 5 ~ 4.5 11 ~ 4 3.5 ~ +10,000 11 ~ 5 4.5 Gross Lavin Area 5 823 S . Ft. 4 381 S . Ft. ~ +144 000 4 597 S . Ft. ~ *122 000 S . Ft. Basement & Finished Rooms Below Grade Full, Part. Finish Game Rm Bath Full, Part. Finish GR MR Bath -25 000 Full, unfinished none +50 000 Functional Ufil" Averse Averse Avers e Heat Conlin FA aslCAC FA as RadlCAC ~ -5,000 FA, as/CAC Ene Eificient Rems T ical T ical T ical Gars Ca ort 4 car ara e 4 car ara e 3 car ara a +6,000 _ Porch, Patio, Deck, Fire laces etc. Enc.PGh, Patio 4 Fire laces Enc.Pch, Patio 3 Fire laces ~ +4 000 Patio +15,000 3 Fire laces +4 000 _ Fence Pool etc. Pool Fence Deck Patio +15 000 none +25 000 Net Ad'. total + - , 134 000 + - : $ 309 000 ± ~_ 1$ Adjusted Sales Price , t , of Com arable ~ __ _ ___. _ __ I 1,159,000 ' 1 145 292 ~ 1 i $ Date, Price and Data none In the last Source for prior sales 36 months within ear of a sisal ublic record Comments; The subject is not curtently u none in the last 12 months ubfic record nder contract or listed in the open _ none in the last 12 months ublic record market. Neither the subject or the c _ _ omparables have transferred within the ast three ears. Market Data Analysis 6-93 Form UA2.(AC) -'WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE IMain File No 10020501 UIB Pa e ;~] Comparable Photo Page BpmoweUCliem N!A - Pro Address 4 Alexandra Ct Ci Mechanicsbur Cou Cumberland State PA Zp Code 17050-8224 Lender Client: John & Sheila Anderson Comparable 1 1920 Monterey Drive Prox to Subject 4.58 miles NE SalesPdce 1,100,000 Gross Living Area 5,247 Total Rooms 12 Total Bedrooms 6 Total Bathrooms 4.5 Location Suburban ~fiew Residential Site 1.79 acres Quality Equal Age 7 years Comparable 2 5007 Pellingham Circle Prox fo Subject 5.22 miles NE Sales Price 95D,000 Gross Living Area 5,754 Total Rooms 14 Tofal Bedrooms 5 Total Bathrooms 5.5 Location Suburban View Residential Site 82 acre Duality Equal Age 5 years Comparable 3 5037 Heatherington Way Prox to Subject 5.43 miles NE Sales Pdce 1,020,000 Gross Living Area 4,945 Total Rooms 12 Total Bedrooms 5 Total Bathrooms 4.5 Location Suburban View Residential Site .67 acre /pond Duality Equal Age 1 year Farm PICPIX.CR - "WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE (Main File No 1DD2D507MB Pa a #8 Comparable Photo Page Borrower/Cliem NIA Pro a Address 4 Alexandria Ct Ci Mechanicsbu Coun Cumberland State PA a Code 17050-8:224 Lender Client: John & Sheila Anderson Comparable 4 2300 Claridge Court Prox to Subject 5.28 miles NE Sales Price 1,025,000 Gross Living Area 4,381 Total Rooms 11 Total Bedrooms 4 Total Bathrooms 3.5 Location Suburban View Residential Site 1.08 acre Quality Equal Age 4 years Comparable 5 1 Lynchburg Court Prox to Subject 0.40 miles NW Sales Pdce 836,292 Gross Living Area 4,597 Total Roams 11 Total Bedrooms 5 Tmat Bathrooms 4.5 Location Suburban View Residential Site 1.35 acres Quality Equal Age 1 year Comparable 6 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Form PICPIX.CR -'1MnTOTAL' appraisal sohware by a la mode, inc. -1-800-ALAMODE IMarn Fife No tOD2D501M6 °a e Sulololemental Addanrinm - - - iwcu~~nvio Bonower/Client N/A Pro a Address 4 Alexandria Ct City Mechanicsbur Coun Cumberland State PA up Code 17050-87_24 Lender Client: John & Sheila Anderson - mu~ea Recently built custom desighed home. The subject shows an in-law suite and a partially finished basement with a Game Room and Bath with above average quality of construction. The subject shows an inground pool. • URAR :Reconciliation -Reconciliation and Final Value Conclusion The subject is Overbuilt, meaning that the home is significantly larger than most all others in its immediate neighborhood and Superadequate in that materials and design that are standard for the market have been exceeded. Features of the subject property which may be recognized fully in the price of the property will not be fully recognized in the open sales marital. The greatest weight is given to the Sales Comparison Approach with particular attention paid to the price per square foot of gross living area. The subject's lower level finished areas exceed market expectations, which produce superadequacy. The full depreciated cost of these items cannot be recovered with resale. However superadequacies do contribute to the value of the property. Appropriate adjustments were made within the Sales Comparison Approach, as needed. • URAR • Sales COmDarISOn Analysis -Summary of Sales Comparison Approach Gross living area and tax assessment information for comparables was obtained from Cumberland County Tax Assessment Records, Appropriate adjustments have been made for all differences. Comparables sales are all closed sales. Insufficient sales in close proximity to the subject property require the appraiser to extend search parameters. In order to find comparables sales i1 was necessary to use less recent sales. It is noted that the sales chosen are considered to be the best available. All comparable sales are located in the same market area as the subject property and would be considered by the same perspective purchaser if all were on the market at the same time as the subject. After consideration of all relevant factors, ;he comparables used are the best indicators of value although they are all lower in price than the final value estimated for the subject. Note: It was necessary for the appraiser to widen the market search to obtain comparables with similar utility, style, effective age, and sales dates reflective of current market conditions. Based on appraisal practice with emphasis placed on weighting the elements of comparison, the sales chosen represent the best indication of the subject current market value. In the appraiser's opinion, the sales chosen best weigh the elements of comparison, and while the distance from the subject property is important, various factors within the elements of comparison require a wider than one mile radius search. Some adjustments exceed market guidelines but were deemed necessary to provide a reliable indication of value for the subject in its as-is condition. • URAR :Adverse Environmental Conditions There are no known or apparent adverse environmental conditions that would negatively impact on the sale of the property. The appraiser has not been informed, nor has the appraiser any knowledge of the existence of any environmental or health impediment, which if known, could have a negative impact on the market value of the subject property. The valuation contained herein is not valid if any hazardous items are found in the subject property and stated within the appraisal report, including but not limited to: Ureaformaidehyde Foam insulation, Radon Gas, Asbestos Products, Lead or Lead Based Products, Toxic Contaminants. SCOPE OF WORK: Observation of the exterior and walk through observation of the interior of the property. Analyzing the plans and verifying the measurements of the exterior of the dwelling.. Review of the Cumberland County Public Record data and Central Penn Multi-List, Inc. records. Review the county tax map online information, county tax map, zoning, and FEMA flood maps. Veerifying, the comparable sales with broker, agent, seller or buyer. ABOVE AND BELOW GRADE FINISHED AREAS -AMERICAN NATIONAL STANDARD FOR SINGLE-FAMILY RESIDENTIAL BUILDINGS SQUARE FOOTAGE-METHOD FOR CALCULATING: ANSI 2765-2003 The above-grade finished square footage of a house is the sum of finished areas on levels that are entirely above grade. The below grade finished square footage of a house is the sum of finished areas on levels that are wholly or partly below grade. SPECIAL LIMITING CONDITIONS: This appraisal is not a home inspection and the appraisers' are not acting as home inspector's when preparing the report. The borrower has the right to have the home inspected by a professional home inspector. When performing the inspection o'i this property, the appraisers visually observed areas that were readily accessible. The appraisers are not required to disturb or move anything that obstructs access or visibility. The inspection is not technically exhaustive. The inspection does not offer waranties or guarantees of any kind. The appraisers are not home or environmental inspector's. The appraisers provide an opinion of value. The appraisal does not guarantee that the property is free of defects or environmental problems. The appraisers performs an inspection of visib4e and accessible areas only. Mold may be present in areas the appraisers cannot see. A professional home inspection or environmental inspection is recommended should the client have a concern. Form TADD - `WinTOTAL' appraisal software by a la mode, inc. -1-800-AfAMODE Main file Nc. t002050iM8 Pa e ~1~~ Suololemental Addendum BanowerlClient NIA Property Address 4 Alexandria Ct Ci Mechanicsbur Coun Cumberland State PA L Code 17D50-8224 lender Client: Jahn & Sheila Anderson Supplemental Certifications: We certify that, This SUMMARY APPRAISAL REPORT was prepared by William Gregory Rothman, PA Certified General F:eal Estate Appraiser and assisted by Mark Baron, assistant to the RA State Certified General Appraiser for the exclusive use of the client. The intended use of this appraisal report is to evaluate the property, that is the subject of this appraisal for estate settlement purposes, subject to the stated Scope of Work ,intended use/purpose of the appraisal, reporting requirements of this appraisal report form, and Definition of Market Value. The opinion of Market Value stated within this appraisal assignment was prepared for afederally-related mortgage loan purpose and is in conformance with the requirements of Title XI of the Federal Financial Institutions Reform, Recovery & Enforcement Act of 1989 (FIRREA), the Uniform Standards of Professional Appraisal Practice (USPAP). Estimated market value is the most probable price in terms of cash or in terms of financial arrangements equivalent to cash. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at the time of the preparation of this report. Any use of this appraisal by any other person or entity, or any reliance or decisions based on this appraisal are ai the sole responsibility and at the sole risk of the third party. I accept no responsibility for damages suffered by any third party, as a result of reliance on or decisions made or actions taken based on this report. !n my opinion, the reasonable exposure time linked to the value opinion is 180+ days. I further certify that, to the best of my knowledge and belief: - The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. - We have no present or prospective interest in the property that is the subject of this report or to the parties involved with this assignment. Our engagement in this assignment was not contingent upon developing or reporting predetermined results. - Our compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. Our analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standard of Professional Appraisal Practice. Mark Baron conducted and Interior and Exterior inspection of the subject. W iltiam Gregory Rothman conducted an exterior inspection of the subject property. Mark Baron was the assistant to the PA State Certified General Appraiser and assisted with this report and rendered significant assistance in all aspects of its preparation and inspection. Mark Baron Assistant to the PA Certified General Real Estate Appraiser William Gregory Rothman PA Certified General Real Estate Appraiser Certification # GA001455 Expiration June 30, 2011 Form TADD - NJinTOTAL' appraisal software by a la mode, inc. -1.800-ALAMODE MainRleNO 1D020501MB Pa #11 Copy of the Deed TAX PARCCL NO.38-07.0461-1?5 'J h:9U 19 ftf9 1Q 1~ D E E D ~~ ( ~'tiitEiiT P. ZIEGt.'rR r;£DO:;DEY, tiF DEEDv ~:.~i'tLpNn CQUNTY- THIS DEED made this ,_,/3 rw. day of Lj/nyaryQ~,r. In fhe year of our Lord two dxausand three {2f)03} BETWElTI iiEMP7 REALTY,. LTD., a Pennsylvania limited partnership. txueafter refereed to as; Grarrtor and ANNE S ANDERtSON, an indhr+dual residing In the Commonwealth of Pemnsyhrdnia, Grourtee WITfVES$ETX: !n cortslderabott of the atrfrt of TWO HUNDiZED THIRTY FIVE THOUSAND DOLLARS {$235,000.00) in hand paid, ~calpt whereof is hereby acknoWledaed, the said. Grantor does'heretty grant grid convey into I' the said Grantee:. - , ALL`TFfAT GERTAItV'tract or partx~[ of land situate in Silver Spring Tovmship, Cumberland Courtly, Perxrsytvanla, bounded and desarsbed aS follows. to wiC BEG1kNItIG-at a poket art. the'Northem right of way tine G4 Alexandria Court. at the Soutlaerttrttoet comer (tf 1.cR Ne.-:52 os the herestsfter described Firtat Subdivision-Plan; THENCE rlunp tt» Eastern bro of saki Let IVo. tS2 f+lath 43 degrees 19 matures 55.seconds East':a dis6artcQ of 1t30.1t feet to a point; THENCE by o cove to the left hewing a radius of 500.00 feat en-arc tanpth of 258.t3U f8et m a point on the 5otrthem line of rends of Rich Valley Maibr; Tt1ENGE along the 3atMtem Ana of said Weh Valley Manor (ands South 73 degrees 16 miriubes 04 seconds East distance of 284,81 feet t0 a point at the Northwest comer of t.ot No. 50 on the tiefelttat~ deecrbed Final Subdivision Pl~r THENCE akN1q fhe 4"/eatem line of said Lot Np. t3D .5vlrftr 20 degrees 08 minutes 51 seconds West dletance of 557.02 feet to a point on the Northam right of way like of Alexandria Court: THENCE ebnQ the Northam right df way line of Alexandria t.'.oret t)y a verve to the tight having a rad'u~a of 475:00 feet arc length of 192.4$ feet to a .point; TtiEIiCE carNytuing almp the Northam right d way Ise of Alexandria Court North 48 depress 40 minutes 05 seconds West distance of 212.77 feet tQ a point at the aouthsmntost comer of Lot No. 52 on the hereinafter desrnbed Finat Subdivision Plan, the point and place d gEGlNNINQ. CONTAINING 191,139.00 square: feat, more or less. 6Ut1K ~S(J FAUf,2Q93 Fenn SCNLGL -'WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE Main File No. 1002DSD1 A1BZI'aoe #. 2 Copy of the Deed BElN~3 Lot.No: 51, >-inai Subdivision Plan far. HlNSida Famm -Phase 1H ~ IV, dated November 15, ZDDp, leaf t>s~d May 24, 2002, (aoaded in the'Qffice of the Recorder of Deeds of Cumberland Catinty. in Pion 8ooli 87, Page ?S- UNDER AND Sf1t3JEt;T to the Third Amerrdmerrt and 5uppiemerrt to Dedaratlorr o{ Covenants and Restridlptts a~pUrdWo to Hillside Farms; Rated July. 18, 2003, iscarHed in the t7Rkte of the Ret~tder of-De6da Of'Curnberland County, in Mist, goo}t,TOO, Page 1 iOS, pursuant td which the Dec!•aration:or GavertanRS and Reat~ons apAlicab(e to Hrliside Fauns, dated August 30, 1996. recorded in'1he Otlkx of the Reu~r~der vf'Deeds of Cumberland County, In Mrsceliansous Book 529. Page 339; ~ amended by the Amendrnettt to Deciaralion of Covenants and Re33rictfons, dated SepEembar 30, 1897, recorded in the Qtfice of the Recorder of Deeds of Cun,bertand Caurrty, trt Mts~llarreous Book 582. E'a8e SZ and by the Serond Amendment and Supplement to Dafjon of Covenartta artd RestricGOrta applk~te Dn Hlllakie farms. dated Jwte 29, 2000. r~eeordad Irt tM-iMlee of the Recorder of Deeds. of Cumberland Gounty, In Misc. Book 648, Page 7O2;,and tfre 8yle+artt oE~{'rliside Ferme Honteouvners' Aasodatlon, Inc„ dated August 30, 1886, recondt3d in the Oltlce of the Retarder of Deeds of Cumberland CotJltty In Miscellaneous Book 529, . Pam 351, were made applicable to the real estate witNn ttte .above referenced Flnal 5uhdilrision Plan, FURTHER tlfiltriER ANO SUB.lECT to a variable widfh drainage:. easement across the ~ OoFnar of ttte premises and a twenty (20) foot vride drainage easertrerrt Gauss the aauthenvntaL cortter d the prenNaes; as shown on the above-referertcad F1hal .gui'JdN~IOn :Plan. SE1NG PART QF THE SAME- pRENtISES which Martha U. Hernpt, widow, by her deed dated November 10,:'!999; reootded'in'the Otltee of the Recbrd~ of Deeds of Cum6eri~id Courrty in Deed Book 211, gape 71Q panted and canveYed unto Hempk Rea1tY, LTD.. Grantor herein. And the sold L3r8rttor hereby covenants and agrees that it will warrant spetiaNy the property hereby conveyed. fN iMTJVPSS WN&tC-OI ;the said Grantrx has hereunto set'rts hand and seal ~t the day and year first above:written. HEMF'T aEJ1LTY,-LTD. a Pennsylvania Nmited partnership ATTEST: .~• ~ '! Sccfetary By: NQNPT MANAGFJMENT,INC_, a Pennsylvania Corporation, e i Partner SY i BppK 26O PAGE~~ Form SCNL6L -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Copy of the Deed Main Fiie IJO 10020501MI3 ? oe #1:9 Ci7MMOt>rYYEALTH OF P~lN3YLYANEA • ss, COUNTY OF CUMEId On tt~' 1tf~ _•~~' day of `~+,.~r....i~.~ 2i1p3, before me, a nomry public, ttre undersigned sfficer, P~~Y ePpeared 1=. 1 who admowledged nimsetf to be the President of Hetnpt Managettlent, tna a General ttner of Hemet Realty, LTD, a Pennsylvania Itmtted par4~ershand tt.irtg authoraed to do so, axerutt~ the foregoing instrument for the purposes therein ~i carttained aign4ry the Warne of the Corporatbn by himself as PrasldGnf. IFSS WHEREOF, I fitave set my hand and otfiaal seal. `.~ ~t ~ csr r~ MOTAftiAL SEAL "" nihtN# LENtG. Notary Ptrelic ~,,•• L:rnof(le Brnotgn Ctmberlatd 6b. ~..~•.. :Ny Commission FxRkeS p0c.21, 2005 hereby CRh#ffy that the grease residence and comptote post office address of the Within named Grantee ~: (and Counb Rzcnrdrr of Dre~> .Instrument Fitim Runt f~ Grantee R!Ktir•ktE 4b9B1~ CONI(r60fVWEALTHt?FPBhN~$YL1fAtYtA ItistrRZOp3~J6a'235 l !/19/2QIii 1t1:21~ as• CEWNTY Of CU4MBbRt.fWD Rtprkst LsyrRrWERItA ~ 11 RECOt~ED an ibis day of OEED • IHtIT A. D. 2003, in tJra! Reewdefs o1flce of the said tarty, in Deed Book . Vdume t rrca~a f~ MM ---' 2~~O.f 1liS.R 51u1fR.5YBIMG TWF ' 1175.1 : - tEfU - Rltl il ' :ttry frond end GhrS11 tarder the se~i cf the said at3rce, the datbt#iRoveRifl'i>Z~t. . . ta.c t (_ ct~ify ibis to be rccar a ,~ .~~~,~ Flu }tl C.uriLc~land County PA :C. if'~°~'iT FI„'~`~ i.o ~ [Xec~R t6?2 . Recorder. t?B.5 remao ,~•~,`. .~•`-~'~'"~- '~' 'x~-. ~ •~"~ CkediR 5961 3^,~--0.0 . . ~ ~ ~ , ft+eckR 534b0 Total i~criyeri....... i2.3W.0 34,7,:8.5 ~ Rccarder of IIceds p0p~'- X60 etf.~~95 form SCNLGL -'WinTOTAI' appraisal software by a la mode, inc. -1.800•ALAMODE MainFileNo 7002D501MB Pace~'4 DEFINITION OF MARKET YALIDE; The most probable price which a property should bong in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting pruderl[tyty, knowledgeably and assuming the puce is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typicalty motivated; (2) both parties are well Ifiormed or well advised, and each acting in what he considers his own best interest; (3) a reasonable Nme is allowed for exposure in the open market; (4) payment is made in temu of cash in U.S. dollars or in temrs of financial arrangemerds comparable therein; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions' grafted by anyone associated with the sale. ' Adjustments to the cornparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are rwrmalty paid by setters as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtualty aN safes transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the doNar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgement. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDtT1ONS: The appraiser's certification that appears in the appraisal report is subject to ffie following conditions: i. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to tt. The appraiser assumes that the tiNe is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of if being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch !s included Dory to assist the reader of the report in visual'¢ing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noteri in the appraisal report whether Nre subject site is located in an idefirfied Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless spec'rfic arrangements to tlo so have been made belorehand. 5. The appraiser has estimated the value of the land in Nre cost approach at Ns higftest and best use and the improvements at their contributory value. Thess separate valuations of me land and improvements must not be used in conjunction with any other appraisal and are invalid ii they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research irnolved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has na knowledge of arty Ndden or unapparent conditions of the property or adverse ernironmental conditions (including the presence of hazardous wastes, toxic substances, etC.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmerdat hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by otM;r parties. B. The appraiser will not disclose the contefis of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on Nre assumption that completion of the improvemefis will be performed in a workmanlike manner. 10. The appraiser must provide his or her pdor wdffen consent before the lender/client specified in the appraisal report can distribute the appraisal report (ncluding conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm wfNr which the appraiser is associated) to anyone other than the borrower, the mortgagee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the fender/cGenf may distribute the property descdptian section of the report Doty to da'Ia cottection or reporting services} wtthord having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 10048 rrf13 Real Estate Appraisals (717) 315-7032 Form ACR -'WrnTOTAI_' appraisal software by a la mode, inc. -1 •BOQALAMODE Main File NO.1D0205D1MB Pa a#1~ APPRAISER'S CERTIFICATION: The Appraiser certrfes and agrees that 1. I have researched the subject market area and have selected a mnimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison anaysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of signficant variation. H a significant item in a comparable property is superior to, or more tavarabte than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, i(a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my devebpment of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that au statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report onty my own personal, unbiased, and professional anatysis, opinions, and conclusions, which are subject only to the corningent and limifing conditions specified in this form. 4. I lave no present or prospective interest in the property that is the subject to this report, and 1 have no present or prospective personal irderesl or bias with respect to the participants in the transaction. I did not base, either parfialty or completety, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, fartdlial status, or national origin of either the prospective owners or occupants of the subject properly or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated fuhrre interest in the suhject property, and neither my current or future employment nor my compensation tar performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employmem for performing the appraisal. I did not base the appraisal n;port on a requested minimum valuation, a specific vakration, or the need to approve a specific mortgage loan. 7. I performed this appraisal in confomuty with the Uniform Standards of Professional Appraisal Practice that were adopted aM promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not appty. f acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the defirption of market value and the estimate I devebped is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personalty inspected the inferior and exterior areas of the subject property and the exerior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent ar known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the suhject property of which I am aware and have made adjustn>errts for these adverse conditons in my anaysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of ifre adverse condiions on the marketability of the subject property. 9. I personalty prepared al conclusions and opinions about the real estate that were set forth in the appraisal report. h I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individualjs) and disclosed the specific tasks performed by them in the reconciriation section of this appraisal report I certify that any individual so named is qual'rfied to perform the tasks. I have not aWror¢ed anyone to make a change to any item in the repork therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for tt. SUPERVISORY APPRAISER'S CERTIFICATION: M a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directty supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with ttre statements and conclusions of the ap{rraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 4 Alexandria Ct Mechanicsburca PA 17050-8224 _ APPRAISER: SUPERVISORY APPRAISER (only if required): Signature: /I"lQ.~/~ XI ~DA.COYL Signature: Name: Mark A Baron, Asst to PA Certfied Gen RE ADPraiser Name: William Gr o rv Rothman PA Certified General RE API Date Signed: February 14 2010 Date Signed: February 14 2010 State Certification #: State Cerbiication #: GA001455 or State License #: or State license #: State: State: PA __ Expiration Date of Certirfication or License: Expiration Dafe of Certification or License: 6/30/2011 __ ®Did ^ Did Not Inspect Property Freddie Mac Form 439 6.93 Page 2 of 2 Fannie Mae Form 1004B 6-93 Form ACR -'WinTOTAL' appraisal software by a la mode, inc. - t-804ALAMOOE First Floor Plan IMam File No. 100205D1 A4B °a e ~T- _, - _ :; _ _ ,« '~ ` a ' , - .. ~ ~• ~ ~~ .. __ - _ .. ~ 3 . ~, ~~ ~ ~ - ~ r ~ . 2 ' .. -c! - " i .. _. ..~ ~ ~ _ ~ ~ ~ ^ ? 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Form SCNLGL -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Tax Parcel Map Form SCNLGL -'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE Main File No. 10020501 NB Pa e #18~ Location iVlap BorrowerlClient N/A Pro a Address 4 Alexandria Ct Ci Mechanicsbur Cou Cumberland State PA Zp Code 17050-8224 Lender Client: John 8 Sheila Anderson - ... ., ~_ lit -- a 10 rT10dE, Ii1 G. - - - 3~._. .. ;fit ~ o ricer.. ~~ t~Nei~lp~,. .'' ~ henofle ]nr.<~nraw rraca Endars .._ ,~ ~, ; oaffaz ~ ~~ Enlarmx-. ~h~~ P Jwtiata - ti,-. - ..... .. ' a.kelruit Groee Wanneeaa- - F~rt1aGE o osn Rwr Nev IIt,rfak~ ,A/ayrtesvlUea - ., ,/ - odennmlle }Jarrteba+4z .. r _ 01~rtt(ieFd o • 11 `J~rcn.3. w - ^" f=umace rY ~ ~ ue ..- . _.:..- - 374j ~ry„ Face G1~n o E~naele F~arae f]unran u:n - ~ahs ElilatLSbwg - .'Ay ., ', ~., ~ :,.,.. 1,AeckS Curter ~ ~dy - o - ~ : K~irko~a 5.~. =vela _.: ~ is - ,. ~tniltimvn ~ ,, Slab RC,.-o . 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A _~w '1 fl s F-c igtrw~,. . , ' Nast y lisour e t~ -Brnvm~nsdw~e taa c}.xi \a, Yur ~ ~ " Etters~: ., S;edare ~.~ o ~ ~ _ Lxw Sherry ` 'Y; 1.'~cored,.le (3irnAr rla¢x . - ,~ a ,.... ~ VvooEs u wVe , ; -rwCaHisle Jug -tron e ~ ,rv I P,nelo,vn 1lsklnso ~ r~+v,cc,~r a FAtFtelly. Hx revo d ;eUllls!wrg. .. ~ht~a8ep sw~~ - ~IevF ~ia~,-, ~,o _.. GI}fcrd' ~ L'anhleevE[~r. ~ FranWmtown - - _ Pfnchnt: t ` - ~r.],3^d -. - Hu~la.S R_n 0 o :u rw a .. $Iald _ _ - ~ y Park ' .., i , it Cla-er SPnrg S o ~ Latimore r - G r'~d o V SYIH _ - Gxtdyearo Un„h _ Ping ~r~ve - t3: ~ t _rce s"1' .74 i, ..--R-a ~ ~ ' - - ~ -_ Y -rJ R iC ' ` Slemerx -, ` ,,.- Dear, i:..-ft, ha.-7 - ,'~ ~ _ : ~R ` -- I Gargd - ~. a.... ,.. L. - Enstm~x+t e Anent -.-. Y. ' e onv Tabor e _. p orV prmns' ~ - _ Hr+^r~ .; avra o °Y• - °Oovar G arunels ,/ ' '~ ,. - j~ ~ ~ ao _ Pap _ - 6r±rMe, s.ll le ~ J' ~ '~. -fir, gym.. D vAsG.:r~ L'veK titwrr~ ~ o ,sPei~ e - - _ ~ ~ f,fF, fo y - S M - - ackey Ford - -av Cen1 e~ 1.Ltl= /j pFo~-de Ho- - --.. AArmre T,~xe l~aa oVJ o FreiAf'n.'~ur.~ ~ _ FP/2 r~4nrq ~~- 6y-~niT e'~xr~Fy 131 ~~ E3Si IItfrllt`. .. ~1a177aS4111F• _ -.. S .dprnr!t. ro 1~ y o ... ,._ - `~ e_ \r81t$tNA e 3gler~llfe ~ - Ptanvl?» - -v,a 7U rtarcw~-.vdle ° '~ ~ roLn a tt Fa s Taale Rncr. (( - - B.=r ~Ic9r~ra ~ ~ ~ me Prn . ~ ~ - I .Sort ~ --, ey ~~ I ,Ii~Ane'e ~.~.~--~.. t:' __ Form MAP.LOC -'WinTOTAL' appraisal software by a la mode, inc. -1-800•ALAMODE EMBE .E9, ~,c s?if~/CAN' GEM'-`S'OG\~~ TO WHOM !T MAY CONCERN: __ ~.-. ~~~~M `~ ~` ~\F ~6~ GEMO( c ~ ~ DENIG JEdIVELERS 9 ~ iC,ry CEM S`~ 677 HIGH STREET WORTHINGTON, OHIO 43085 (614) 885-6164 This is to Certify that we ore engaged in the jewelry business, appraising diamonds, watches, jewelry and precious stones of all descriptions. We herewith Certify that we have this day carefully examined the following listed and described articles, the property of: NAME Estate of Anne S. Anderson ADDRESS DESCRIPTION t AAPRAI5ED VALUE Stamped 14kt yellow gold ladies mirror polish engagement ring $17,140.00 prong set in 14kt white gold one round brilliant diamond clarity VS 1, color K, approx 9.42-9.52 x 5.64mm., approx weight 3.lOct., approx gold weight 1.4dwt. The foregoing Appraisal is made with the understanding that the Appraiser assumes no liobili- ty with respect to any action that may be taken on the basis of this Apprais ~ ~~ ~ . ~~ x°d. AP SER DATE •~~~~i dia.mor~d gallery ~EWELRX AI'PR.A~I SAID ESTATE ~ FAIR MARKET VALL"E We estimate the values} as listed for estate purposes only using fair market value guidelines. The following item(s) have been cazefully examined and verified as accurately as possible within the normal and reasonable gemologicai ranges without the use of gemstone removal or damaging tests. Carat weights are estimated by volumetric formula unless otherwise noted. Appraisals Prepared For: Estate of Anne S. Anderson c/o John Anderson 4 Alexandria Court Mechanicsburg, PA 17050 Item Description: Lady's Platinum and diamond cocktail ring, set with a * 1.25ct. Emerald cut diamond, quality SI1/F and 20 tapered baguette diamonds *2.2cttw., 4.7dwt. platinum mounting, ring size 7 (with guard). Fair Market Value of this Item ................... $ 3,500.00 Date of Appra' Apri18, 2010 Completed by; Christopher C. Munn Note: Precious metal market price: $1148.00/oz.(T) Platinum $1709.00/oz.(T) *unless noted, carat weight is estimated by formula, no stone removal. Value excludes tax. Photo of item attached to original document. This is not an offer to purchase or replace articles. 7203 Market Street Lemoyne, PA 77043 (777)-761-8370 fax (777)-761.-8632 7-877-DIAMOND I~owe's Auction Service 2505 Ritner Highway Carlisle, PA 17015 717-249-2677 249-1978 697-4794 March 9, 2010 To: John and Sheila Anderson 4 Alexandria Ct. Mechanicsburg, PA 17050 From: Rowe's Auction Service 2505 Ritner Highway Carlisle, PA 17415 Re: Personal Property Appraisal Estate of Anne S. Anderson 4 Alexandria Ct. Mechanicsburg, PA 17050 Living Room Softwood 2 piece Schoolmasters Desk w/ drawer $300.00 Hitchcock Chair 10.00 Scandinavian oval band Box 75.00 Pine 2 piece corner cupboard with drawer 750.00 Red head duck decoy 50.00 Sheraton mahogany 2 drawer stand w/ opalescent pulls 250.00 Large Colored Engraving "The Meet at Badminton" 150.00 Chippendale Style Camel back sofa 100.00 Queen Anne style mahogany tea table, Scalia maker 75.00 Queen Anne style Wing chair 100.00 Chippendale style Wing chair and ottoman 125.00 French style armchair 75.00 Large pine dry sink w/ stepped up drawer 375.00 Seth Thomas cottage style mantle clock 50.00 Mahogany 2 drawer drop leaf Stand 125.00 Pr. Canadian Goose Decoys 400.00 Oriental Rug, Kirman style, cream colored, room size 350.00 Kitchen Kerosene lamp, cranberry cut to clear font 75.00 2 Copper Lustre creamers & bowl 50.00 Pine step back cupboard w/ 2 drawers & E lites 600.00 Gaudy Welsh child's mug & pitcher 100.00 Sheraton cherry one drawer Stand 125.00 Oak one drawer kitchen table 100.00 Pine mortised bench. 6' 75.00 Pr. hoop back kitchen chairs 20.00 2 cane seat chairs 20.00 Blue & white pottery salt crock 75.00 Modern green desk 50.00 Green plank bottom chair 10.00 German porcelain spice set 100.01) Sitting Room Brass Bucket 30.00 John McCann watercolor, New Orleans 50.00 Pine dovetailed tool chest 100.00 Copper tea kettle & stand 100.00 3 Herend Fishnet figurines 250.0() Majolica Pitcher 100.0() Majolica bird plate 35.00 Folk Art Doll House 100.00 Group Colonial Williamsburg Pewter 200.00 Needle point foot stool 75.0() Pr. Barrel back chairs wl green upholstery 75.00 Bedroom Chippendale style slant front ladies desk 200.00 Inlaid Chippendale style mirror 100.00 Victorian carved parlor chair 100.0() Ethan Allen 4 pc. Cherry bedroom suite w/ poster bed 1000.0() Victorian Sofa w/ green upholstery 300.0() Royal Doulton figurine, "Chloe" 40.00 Herend Bird Dish SO.Of) Victorian cottage clock, "S.C. Newhall" 50.00 Mahogany drop leaf coffee table 25.0() Herend Fruit pattern tea set 250.00 Victorian walnut oval & square frames 40.00 Faux Bamboo sewing Stand 40.00 Oval gilt frame w/ child's photo 40.0() Ethan Allen cherry 2 drawer stand 50.0() Victorian walnut doll bead 100.0() Hallway Tall case clock, Seth Thomas movement, restorations 400.00 Small Four drawer mahogany chest 150.OC) Chippendale style love seat 275.00 Oriental Persian style rug 200.OC1 Basement Green granite top table ? 5.00 2 Trunks 35.00 Jewelry 18K gold tennis bracelet w/ 66 diamond chips 650.00 18K gold ring w/ 20 diamond chips 150.00 18K gold ring w/ diamand chips, "bow" design 250.()0 14K gold ring w/ appx. 1/3 ct. diamond 250.00 18K gold ring w/pearl 150.00 (3) 14K gold wedding bands 200.00 "750" white gold ring w/ aquamarine stone 100.00 14K gold bracelet w/ buckle 500.00 14K gold bracelet w/ chain 350.1)0 Pearl Necklace w/ 14K white gold clasp 150.00 Total $12,095.00 W. David Rowe REVOCABLE TRCIST AGREEMENT THIS AGREEMENT made this ~ / day of `~ ,_~;~~~.~~~;,~-, ,; 19 ~~~ , between ANNE S. ANDERSON, of Allegheny County, Pennsylvania, as the "grantor", and PITTSBURGH NATIONAL BANK, as the "trustee", WITNESSETH: The grantor hereby transfers to the trustee the property described on the attached schedule. This property and any other property received by the trustee hereunder from the grantor shall be held and distributed upon the following trust: ARTICLE I A. During the life of the grantor, the trustee shall pay so much of the net income and principal of the trust: to or for the benefit of the grantor as she may, from time to time, request in writing. The grantor shall give reasonable advance notice of any change of instructions regarding distributions of .income and/or principal, Any undistributed income shall, from time to time, be added to principal and invested as such. However, during any period in which, in the opinion of the trustee, the grantor is ~"hd~ ~ ~~~~,~~~~i.t~ i~~ n ~~ra~~ -1- ~ --- ._ _._ L ~~/~" incapable of managing her affairs because of illness or otherwise, the trustee shall, in its discretion, use so much of the income and principal of the trust as it shall deem advisable for the comfort and support of the grantor. B. Upon the death of the grantor, the trustee shall distribute the principal, together with any undistributed income, to the grantor's personal representative, and this truss= shall terminate. ARTICLE II In addition to the powers conferred by law, the trustee shall have the following powers, to be exercised after consultation with and approval by the grantor, or if she is unavailable, in its absolute discretion: A. To retain all assets received in Jtirzd, including but not limited to stock in PNC FINANCIAL COR1? or its successors, as investments, without duty of diversificai~ion, or to sell the same upon such terms as it shall deem advisable; to invest in all forms of property, including but not limit=ed to common trust funds maintained by the corporate trustee or its bank affiliates, debt securities underwritten by PITTSBURGH NATIONAL -2- BANK or any of its affiliates, whether individually or a:s a member of a divided or undivided syndicate,. participation in rE~gistered investment companies (including money-market funds) fcr which the corporate trustee, any affiliate, or any subsidiary of an affiliate provides services for compensation, whether ass custodian, transfer agent, investment advisor or otherwise, and interest-bearing deposits in a bank or other financial institution under state or federal supervision, including the corporate trustee's banking department, without restriction to legal investments and without regard to diversification; to e~:change or lease for any period of time any real or personal property and to give options for sales, exchanges and leases; to exercise all rights of security holders; to compromise any claim or controversy without court approval; to borrow money from any source, including PITTSBURGH NATIONAL BANK; to delegate discretionary powers; and to make distribution in cash or in kind. Notwithstanding any provision herein. to the contrary, the grantor retains the right to vote securities held hereunder. The trustee shall deliver to the grantor all statements and proxy materials relating to securities in the manner prescribed by applicable federal regulations, and shall not vote any security except in accordance with the grantor's instructions. Provided, however, this provision shall not be -3- applicable following the grantor's death or incapacity. B. To purchase and sell securities through any broker or brokerage firm the trustee may select, including any brokerage operation affiliated with or conducted by PITT,3BURGH NATIONAL BANK, PNC FINANCIAL CORP, or any of their subsidiaries. The payment of the usual commissions charged by such an affiliated brokerage operation shall in no way reduce or otherwise affect the trustee's compensation as hereinafter provided for. ARTICLE III The grantor expressly reserves the right at any time and from time to time by a signed instrument delivered to the trustee, to revoke, alter or amend this trust, in whole or in part, provided that the duties and rate of compensation of the trustee sha11 not be modified without the written consent of the trustee. ARTICLE IV The trustee may resign at ariy time by delivering thirty days written notice of such resignation to the grantor. -4- ARTICLE V The trustee shall be entitled to deduct as compensation for its services hereunder a ;=ee which shall be in accordance with its schedule of_ charges in eEEect, from time to time. ARTICLE VI This agreement and the trust hereby created shall be construed and governed by the law of Pennsylvania, IN WITNESS WHEREOF, the grantor has hereunto set her hand and seal and the trustee has caused this agreement to be executed by its duly authorized officers and its corporate seal to be hereunto affixed as of the day and year first above written, WITNESS: / 7 (,,. ATT1~~~:T ~' -? ~' ;' 6 Y7:'4` ~J}} ~~ .~. 4 . L..~ i .~ .... , GRANTOR: .,' ~~ C..~-~'t'~~ _,~ ~CfC~.~`:C~~ ;~ ( SEAL ) TRUSTEE: PITTSBURGH NATIONAL BANK BY : ., Vice P esicient -5- COMMONWEALTH OF PENNSYLVANIA ) _ '~ } , S S f= /:' j COUNTY OF -_~i''~,~~~Lr~ti,.~.; ) .~ 4~ ~~ Before me, a Notary Public, in and for said County and ~~ f~ Commonwealth, personally appeared ;~"~` /ty~~ ~'~'~- ~.' ~'~-~ ~'~' , and acknowledged the foregoing to be ~~~~free act and deed and desires that the same may be recorded as such. } WITNESS my hand and Notarial Seal this ~~ ~ day of ! 19 ~~ - T ...' ~' COMMONWEALTH OF PENNSYLVANIA ) ) S S hem; er, Pennsyhr2nia,4ssc~ciaucn or f~lotaries COUNTY OF ALLEGHENY ) Before me, a Notary Public in and~for said County and Commonwealth, personally appeared ~~~/;~,,~y:., ~~, ~,~,L_ _ , a Vice President of PITTSBURGH NATIONAL BANK, a national banking association, and as. such Vice President and being authorized to do so, executed the foregoing instrument for the purposes therein contained for and on behalf of PITTSBURGH NATIONAL BANK. /. WITNESS my hand and Notarial Seal this ~~'~~' day r-~ U .~ otarY Pupllc i~ Nota~ai 5sa1 ~ James David Ro~o~, Nu'~.ry °ul~ ~e Sevlic;~ley 13ero, Ai!egheny Ccunfli (vy Commission ~:Pires C?ct.10, 1 '~ Notary Pu ir. Notarial Sc-al PaulaATurner„Notary Public Pittsburgh, ~I~herry C~rnY My Commission E:cpirer June 12,1993 bry;t#~i~, e~A~ylv~lc~ A&9 atlon o otanes PITTSBURGH NATIONAL BANK TRUST DIVISION SPDC~"AL SHAREHOLDERS COMMTJNICATIGNS FORM Customer game and address of person with voting authority Title of Account Account Nt~r~ber In an effort to permit direct communications between a company which issues securities and the shareholders who vote, or direct the voting of, those securities, the Securities and Exchange Commission has adopted Rule 14b-2. In accordance with the Securities and Exchange Cci~anission Rule, unless you object, we will provide your name, address and share positions in the securities which you vote to ccx~~ies which request that information, If you tell us "I object", we will not provide your name, address and share positions to requesting com~xnnies , If you tell us "I do not object" , or if you do not make one of the elections below, we krill provide this information to requesting cc~npani.es, Under the Rule, your election will apply to all securities we hold over which you have voting authority. Of course, only the company which has issued the stock can request this information, For your protection, the Rule prohibits the requesting company from using your name and address for any purpose other than corporate ccrnmznications, A company is not permitted to use this information for product sales, Please complete the section below by checking one of the alternatives and signing, dating, and returning the attached copy of this form to your Trust Officer as soon as possible. I O&7EC`I' (~ ) (You are not authorized to release my Wane, acidness, and share positions.) I DO NOT OBJECT ( ) (You are authorized to release my name, address, and share positions as permitted by the Securities and Exchange Co~nani ssion ` s regulations , ) t Signature o person with Date voting authority r, ~._ Printed Name A COPY OF THIS FORM MUST BE PLACID IN THE ACCOUNT'S LDGAL FILE Pittsburgh National Bank One Oliver Plaza, 28th Floor Pittsburgh, Pennsylvania 15265 Gentlemen: I, ANNE S. ANDERSON, as grantor, have executed a revocable trust agreement with Pittsburgh National Bank as trusi=ee dated ~'~~/ ~ 1,~ Pursuant to ARTICLE II cf said agreement the trustee" has been granted certain discretionary powers, including investment powers, to be exercised after consultation with and approval by the grantor, if available. It is my direction that all or portions of the trust assets are to be invested in accordance with certain investment programs offered by Pittsburgh National Bank called "Municipal Bond Investments for Principal Appreciation" (MPA) and/or "Treasury Bond Investments for Principal Appreciation" (TPA), in accordance with the proportions set forth below. It is my understanding that the MPA program is a trading strategy and within the program the trustee exercises its discretionary authority to buy and sell, making investment changes a:~ it deems advisable, and the TPA program is a trading strategy which involves investing in 30-year U.S. Treasury Bonds and/or short term money market instruments. In addition, I understand that the trustee maintains a TPA Common Trust Fund which uses the TPA trading strategy but can only be used if Pittsburgh National Bank is named as fiduciary or co-fiduciary. MPA program ~~~ ~-' ( ~rru (state initial dollar amount, or if all is to be invested, write "all".) TPA program ( 150, 000 minirnum ) TPA Common Trust Fund Therefore, until further written notice, I, hereby authorize, approve, direct and ratify the use of the MPA and/or TPA programs and/or the TPA Common Trust Fund for the investment of those designated initial portions of the trust's assets and any additions or accretions thereto, as well as any and all discretionary authority exercised by Pittsburgh National Bank within those programs to make investment changes and the trustee shall not be required to consult with me or obtain my approval with respect to said investments unless and until the trustee deems it advisable to invest all or part of the trust's assets invested in either the MPA or TPA program or the TPA Corrunon Trust Fund other than in such program or Fund. During the term of any MPA and/or TPA investment the trustee shall have full authority and discretion to vote all proxies and to exercise any and all rights of security holders. In addition, in the event of my incapacity, the trustee shall be free to exercise its discretion regarding the investment of the portions of the trust's assets invested in the MPA and TPA programs which shall include specific authority to invest or to continue to invest the portions of the assets invested in either program or the TPA Common Trust Fund in such program or Fund. I hereby acknowledge that I have been informed regarding fees charged for the investment in the program, programs, oz- Fund of which I have directed the use and regarding the investment purposes and objectives of such program, programs, or Fund. The trustee shall be without liability of any kind for following my instructions as contained in this letter. Executed this ~~/ day ~..;-~,,ru,i,~`--- , 19~. ;;r WITNESS: /n l ~ /, rf ATTEST: GRANTOR: ~~ ~ _, The trustee hereby agrees to the foregoing: ~l [~.~ .~ f ~ ~ f: TRUSTEE: PITTSBURGH NATIONAL BANK By Vice P esident Q ZISIHX~ BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PD BOX 280601 HARRISBURG PA 17128-D601 NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX HENRY R JOHNSTON III 625 LIBERTY AVE PGH PA 15222-3152 Pennsylvania ~fm`. DEPARTMENT OF REVENUE REV-1547 EX AFP (12-10) DATE 01-10-2011 ESTATE OF ANDERSON ANNE S DATE OF DEATH 11-20-2009 FILE NUMBER 21 10-0134 COUNTY CUMBERLAND ACN 101 APPEAL DATE: 03-1:L-2011 (See reverse side under Objections) Amount Remitted MAKE CHECK PAYABLE AND REMIIT PAYMENT T0: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 CUT ALONG THIS LINE -• RETAIN LOWER PORTION FOR YOUR RECORDS F- ------------------------------------------------------------------------------------------- REV-1547 EX AFP C12-10~ NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF: ANDERSON ANNE SFILE N0.:21 10-0134 ACN: 101 DATE: 01-10-2011 TAX RETURN WAS: (X) ACCEPTED AS FILED C ) CHANGED APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) 1,053,333.00 NOTE: To ensure proper 2. Stocks and Bonds (Schedule B) (2) 139, 883.52 credit to your account, 00 submit the upper portion 3. Closely Held Stock/Partnership Interest (Schedule C) (3) . of this form with your 4. Mortgages/Notes Receivable (Schedule D) (4) •00 tax payment. 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 4 8,85 5.60 6. Jointly Owned Property (Schedule F) (6) .00 7. Transfers (Schedule G) (7) 90,369.67 B. Total Assets cs) _ 1,332,441.79 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 4 6.3 93.46 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 18 9,817.00 11. Total Deductions (11) _ 236,210.46 12. Net Value of Tax Return C12) _ 1 , 096, 231.33 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) C13) _ .00 14. Net Value of Estate Subject to Tax C14) _ 1 , 096, 231.33 NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will reflect figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate (15) .0 0 X 00 = .00 16. Amount of Line 14 taxable at Lineal/Class A rate C16) 1 .096. ~l .~~ X 045 = 49,330.41 17. Amount of Line 14 at Sibling rate (17) .0 0 X 12 = DO 18. Amount of Line 14 taxable at Collateral/Class B rate C18) .00 X 15 = .00 19. Principal Tax Due C19)= 49,330.41 TAX CREDITS: PAYMENT RECEIPT DLSGDUNI (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID C-) 08-17-2010 CD013230 .00 39,157.02 OS-17-2010 CD013231 .00 10,173.39 TOTAL TAX PAYMENT 49,330.41 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 * IF PAID AFTER DATE INDICATED, SEE REVERSE IF TOTAL DUE IS REFLECTED AS A "CREDIT"' CCR), YOU MAY BE DUE FOR CALCULATION OF ADDITIONAL INTEREST. A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. EXHIBIT E 1550463 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION IN THE MATTER OF THE ESTATE OF ) No. No. 21-10-0134 ANNE S. ANDERSON, Deceased 1 RECEII'T FOR ADVANCEMENT JOHN A. ANDERSON, being beneficially interested in the above-titled estate, hereby acknowledges to have received a distribution of those certain items of personalty initialed by me on the attached appraisal from John A. Anderson, Administrator c.t.a. of the Estate of'Anne S. Anderson (the "Estate"), which represent the personal property to which I am entitled in accordance with the provisions of Section 1.1 of the Last Will and Testament of Anne; S. Anderson. In consideration of this advancement being made prior to the filing of a Final .Account, the undersigned hereby agrees to refund on demand all or any part of this advanceme~at in the event it is determined to have been improperly made. WITNESS my hand and seal this~jZ day of , 2010 WIT/NESS: kJl~ - ~ ~" -(SEAL) ~~ TO .ANDERSON 155046.3 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION IN THE MATTER OF THE ESTATE OF ) No. No. 21-10-0134 ANNE S. ANDERSON, Deceased ) RECEIl'T FOR ADVANCEMENT PETER H. ANDERSON, being beneficially interested in the above-titled estate, hereby acknowledges to have received a distribution of those certain items of personalty initiialed by me on the attached appraisal from John A. Anderson, Administrator c.t.a. of the Estate oiFAnne S. Anderson (the "Estate"), which represent the personal property to which I am entitled~~ in accordance with the provisions of Section 1.1 of the Last Will and Testament of Anne S. Anderson. In consideration of this advancement being made prior to the filing of a Final Account, the undersigned hereby agrees to refund on demand all or any part of this advancement in the event it is determined to have been improperly made. WITNESS my hand and seal this ! (7 day of~; f ~ , 2010 WITNESS: ~ ~ ~ ~% ~ ''' ~ ~JL~ ~ ~~~~~~?~f~ ---~ SEAL) PETER H. AND RSON 1550463 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNS`.~I.,VANIA ORPHANS' COURT DIVISION IN THE MATTER OF THE ESTATE OF ) No. 21-10-0134 ANNE S. ANDERSON, Deceased RECEIl'T FOR ADVANCEMENT BARBARA A. CARRUTHERS, being beneficially interested in the above-titled estate, hereby acknowledges to have received a distribution of those certain items of personalty initialed by me on the attached appraisal from John A. Anderson, Administrator c.t.a. of the E:~tate of Anne S. Anderson (the "Estate"), which represent the personal property to which I am entitled in accordance with the provisions of Section 1.1 of the Last Will and Testament of Anne: S. Anderson. In consideration of this advancement being made prior to the filing of a Final .Account, the undersigned hereby agrees to refund on demand all or any part of this advancement in the event it is determined to have been improperly made. WITNESS my hand and seal thisJ~_ day of ter,' ~ , 2010 WITNESS: ~~ n SEAL) BARBARA A. CARRUTHERS Rowe's Auction Service 2505 Ritner Highway Carlisle, PA 17015 717-249-2677 249-1978 697-4794 March 9, 2010 To: John and Sheila Anderson 4 Alexandria Ct. Mechanicsburg, PA 17050 From: Rowe's Auction Service 2505 Ritner Highway Carlisle, PA 17015 Re: Personal Property Appraisal Estate of Anne S. Anderson 4 Alexandria Ct. Mechanicsburg, PA 17050 Living Room 'P Softwood 2 piece Schoolmasters Desk w/ drawer $300.00 Hitchcock Chair 10.00 Scandinavian oval band Box 75.00 Pine 2 piece corner cupboard with drawer 750.00 f'j Red head duck decoy 50.00 ,BSheraton mahogany 2 drawer stand w/ opalescent pulls 250.00 Large Colored Engraving "The Meet at Badminton" 150.00 Chippendale Style Camel back sofa 100.00 Queen Anne style mahogany tea table, Scalia maker 75.00 - Queen Anne style Wing chair ~l 100.00 Chippendale style Wing chair and ottoman 125.00 French style armchair 75.00 Large pine dry sink w/ stepped up drawer 375.00 ~eth Thomas cottage style mantle clock 50.00 Mahogany 2 drawer drop leaf Stand 125.00 Pr__Canadian Goose Decoys 400.00 Oriental Rug, Kirman style, cream colored, room size 350.00 Kitchen Kerosene Iamp, cranberry cut to clear font 75.00 2 Copper Lustre creamers & bowl 50.00 ~'j Pine step back cupboard w/ 2 drawers & 6 lites 600.00 ~~,~w ~ Gaudy Welsh child's mug & pitcher 100.00 Q Sheraton cherry one drawer Stand 125.00 Oak one drawer kitchen table 100.00 Pine mortised bench, 6' 75.00 Pr. hoop back kitchen chairs 20.00 2 cane seat chairs 20.00 Blue & white pottery salt crock 75.00 Modern green desk 50.00 Green plank bottom chair 10.00 German porcelain spice set 100.00 Sitting Room Brass Bucket 30.00 John McCann watercolor, New Orleans 50.00 Pine dovetailed_ too 100.00 opper tea ke stand 100.00 ~j 3 Herend Fts et gtu7nes 250.00 Majolica Pitcher 100.00 QMajolica bird plate 35.00 ~ ~olk Art Doll House ~~"" ~~ ~ ~ ~ ~ P d l i l Willi b t ~ ~ ~~ G C 100.00 200 00 ew er . roup on a ams urg t~- ~ o . Needle point foot stool 75.00 Pr. Barrel back chairs w/ green upholstery 75.00 Bedroom -~ Chippendale style slant front ladies desk 200.00 Inlaid Chippendale style mirror 100.00 Victorian carved parlor chair 100.00 Ethan Allen 4 pc. Cherry bedroom suite w/ poster bed 1000.00 ,SJVKI~i~ -Victorian Sofa w/ green upholstery 300.00 l Royal Doulton figurine, "Chloe" 40.00 ~Herend Bird Dish 50.00 Victorian cottage clock, "S.C. Newhall" 50.00 _ J Mahogany drop leaf coffee table 25.00 Herend Fruit pattern tea set 250.00 ;~ ~ Victorian walnut oval & square frames 40.00 Faun Bamboo sewing Stand 40.00 BOval gilt frame w/ child's photo 40_00 Q Ethan Allen cherry 2 drawer stand 50.00 Victorian walnut doll bead 100.00 Hallway Tall case clock, Seth Thomas movement, restorations 400.00 Small Four drawer mahogany chest 150.00 Chippendale style love seat 275.00 Oriental Persian style rug 200.~D0 Basement Green granite top table c~~~ ..~ Z Trunks Jewelry SK gold tennis bracelet w/ 6b diamond chips ~ 18K gold ring w/ 20 diamond chips ~18K gold ring w/ diamond chips, "bow" design j ~ 14K gold ring w/ appx. 1 /3 ct. diamond ~18K gold ring w/ pearl f Q~ (3)14K gold wedding bands ~ o~ ~ `750" white gold ring w/ aquamarine stone 14K gold bracelet w/ buckle .~314K gold bracelet w! chain Pearl Necklace w/ 14K white gold clasp 25.00 35.00 650.00 150.00 250.00 250.00 150.00 200.00 100.00 500.00 350.00 150.00 Total $12,095.00 W. David Rowe 1 .., ~J EXHIBIT F In the Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. 21-10-0134 Estate of Anne S. Anderson, Deceased Late of Township of Silver Spring Account John A. Anderson, Administrator Date of Death: 11/20/2009 Date of Incapacity, if any: None Date of Administrator's Appointment: Date of First Complete Advertisement: 03/10/2010 Accounting for the period: 11/20/2009 to 02/10/2011 Purpose of Account: John A. Anderson, Administrator, offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: Henry R. Johnston III Cohen 8~ Grigsby, PC 625 Liberty Avenue Pittsburgh, PA 15222-3152 (412) 297-4900 Supreme Court I.D. No. 30742 SUMMARY OF ACCOUNT Estate of Anne S. Anderson, Deceased For the neriod of November 20, 2000 through February 10~ 2011 PAGES PRINCIPAL Receipts: This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements: Debts of Decedent Funeral Expenses Administration Expenses Federal, State 8~ Local Taxes Commissions Fees Family Exemption Balance Before Distributions Transfer to (from) Principal Distributions to Beneficiaries Principal Balance on Hand For Information: Investments Made Changes in Holdings INCOME Receipts This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements Balance Before Distributions Transfer to (from) Income Distributions to Beneficiaries Income Balance on Hand For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND Signature Verification 3-4 5-6 7-8 8-9 9-10 11 11 12 13 14-16 17 -18 19 20 1,244,466.22 7,659.82 1,252,126.04 6,693.00 5,673.18 11,170.58 10,173.39 0.00 30,615.07 0.00 64,325.22 1,187,800.82 0.00 1,086,443.00 101,357.82 860.63 0.00 860.63 170.00 690.63 0.00 0.00 690.63 102,048.45 SCHEDULE A RECEIPTS OF PRINCIPAL 11/20/2009 Cash American Express Travelers Checks 11120!2009 Highmark -refund 11/20/2009 Highmark -refund 11/20/2009 MorganStanley SmithBarney Account #617-063594 -124 -cash 11/20/2009 Accrued interest on above item through date of death 11/20/2009 PA Department of Revenue -refund on 2009 Form PA40 11!20/2009 PNC Bank Checking Account #00-0079-5133 11/20/2009 Accrued interest on above item through date of death 11/20/2009 PNC Bank Line of Credit -refund 11/20/2009 PNC Bank Savings Account -includes accrued interest 11/20/2009 U.S. Treasury -refund on 2009 Form 1040 11/20/2009 USAA -premium refund 07/06!2010 USAA -refund and cancellation credit Total Cash P l P 11120/2009 ersona ro~r Jewlery -see appraisals attached 11/20/2009 Silver Dinnerware 11/20/2009 Tangible personal property -see appraisal attached Total Personal Property St k /Li t d 11/20/2009 200.0000 oc s s e shares AT&T Inc. -Com 11/20/2009 100.0000 shares Chevrontexaco Corp -Com 11/20!2009 Accrued dividend on above item through date of death 11/20/2009 600.0000 shares Duke Realty Corp -Com New 11/20!2009 Accrued dividend on above item through date of death 11/20/2009 1,600.0000 shares E M C Corp Mass -Com 11!20/2009 480.0000 shares Ericsson L M Telephone Co - Adr B Sek 10 11/20/2009 200.0000 shares General Electric Co -Com 150.00 637.00 144.00 854.06 0.01 881.00 8,158.76 0.09 699.08 86.51 1,080.00 132.19 3,186.98 20,640.00 810.00 12,095.00 5,229.00 7,681.50 68.00 6,957.00 102.00 27,152.00 4,840.80 3,117.00 Fiduciary Acquisition Value 16,009.68 33,545.00 -3- SCHEDULE A RECEIPTS OF PRINCIPAL Continued Fiduciary Acquisition Value 11/20/2009 300.0000 shares Heinz H J Co -Com 12,634.50 11!20!2009 964.0000 shares Microsoft Corp -Com 28,534.40 11/20/2009 Accrued dividend on above item through date of 125.32 death 11/20/2009 1,100.0000 shares Nokia Corp -Sponsored Adr 14,586.00 11/20/2009 200.0000 shares Pepsico Inc -Com 12,374.00 11/20!2009 400.0000 shares State Street Corp -Com 16,482.00 Total Stocks /Listed Real Estate 139,883.52 11/20/2009 Real estate located at 4 Alexandria Court, 1,053,333.00 Mechanicsburg, Cumberland County, PA; Tax Parcel ID #38-07-0461-115 -average appraised value. See appraisals attached. Total Real Estate 1,053,333.00 Total Receipts _ 1,2a2,771.20 12!01/2009 Subsequent Principal Receipts ~. Vanguard Fixed Income Securities Fund - 2009 1,695.02 required minimum distribution Total Subsequent Principal Receipts 7,695.02 Total Adjustments and Subsequent Receipts _ 1,695.02 Total Receipts of Principal _ 1,2aa,ass.22 -4- SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS -PRINCIPAL Stain loss 03/26/2010 200.0000 shares AT&T Inc. -sale Net Proceeds 5.109.73 Fiduciary Acquisition Value -5,229.00 03/26/2010 100.0000 shares Chevrontexaco Corp -sale Net Proceeds 7,268.88 Fiduciary Acquisition Value -7,681.50 03/26/2010 600.0000 shares Duke Realty Corp -sale Net Proceeds 7,493.29 Fiduciary Acquisition Value -8,957.00 536.29 03/26!2010 1,600.0000 shares E M C Corp Mass -sale Net Proceeds 29,235.17 Fiduciary Acquisition Value -27,152.00 2,083.17 03/26/2010 480.0000 shares Ericsson L M Telephone Co -sale Net Proceeds 4,731.80 Fiduciary Acquisition Value -4,840.80 03/26/2010 200.0000 shares General Electric Co -sale Net Proceeds 3,545.47 Fiduciary Acquisition Value -3,117.00 428.47 03/26/2010 300.0000 shares Heinz H J Co -sale Net Proceeds 13,375.93 Fiduciary Acquisition Value -12,634.50 741.43 03/26/2010 964.0000 shares Microsoft Corp -sale Net Proceeds 28,191.84 Fiduciary Acquisition Value -28,534.40 -119.27 -412.62 -109.00 -342.56 -5- SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS -PRINCIPAL Continued 03!26/2010 1,100.0000 shares Nokia Corp -sale Net Proceeds 16,708.48 Fiduciary Acquisition Value -14,586.00 03/26/2010 200.0000 shares Pepsico Inc -sale Net Proceeds 13,041.46 Fiduciary Acquisition Value -12,374.00 03/26/2010 400.0000 shares State Street Corp -sale Net Proceeds 18,140.97 Fiduciary Acquisition Value -16,482.00 05/01/2010 Tangible personal property -sale Net Proceeds 840.00 Fiduciary Acquisition Value -435.00 TOTAL GAINS AND LOSSES/PRINCIPAL LESS LOSS NET GAIN OR LOSS min Llt~ 2,122.48 667.46 1,658.97 405.00 8,643.27 -983.45 7,659.82 -s- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Bluff Gardens 03/15/2010 Debts of Decedent items ordered before death 164.33 Cohen 8~ Grigsby. P. C. 12/15!2009 legal fees and disbursements owed at time of death 1,271.58 Duraclean Solutions 11/20/2009 outstanding check 856.00 Hartzell Eye MDS 03/15/2010 outstanding medical bill (not covered by insurance) 20.19 Master Card 03/15/2010 outstanding credit card bill 1,751.72 PNC Bank Line of Cr edit 01!15/2010 auto withdrawal 349.90 02/17/2010 auto withdrawal 349.18 ~~ 11/20/2009 premium payment 950.57 164.33 1,271.58 856.00 20.19 1,751.72 699.08 -7- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 950.57 West Shore EMS 03/30/2010 outstanding medical bill (not covered by insurance) 979.53 979.53 Total Debts of Decedent Funeral Expenses _ 6,693.00 12/15/2009 flowers 221.49 221.49 Edgeworth Club 03!15/2010 funeral reception 1,626.36 1,626.36 Jean Henderson 03/15/2010 clergy honorarium 250.00 250.00 Malnezzi Funeral Ho 11/30/2009 me funeral bill 3,050.33 3,050.33 Rome Monument Wo 12/15/2009 rks engrave date on headstone 135.00 135.00 -8- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued Sewickley Cemetery 04/15/2010 funeral expense 390.00 390.00 Total Funeral Expenses Administration Expenses 5,673.18 Barbara A. Carruther 07/28/2010 s reimbursement re appraisal 80.06 80.06 Cumberland County 01/22/2010 Register of Wills probate fees 102.25 102.25 John Anderson 12/15/2009 reimbursement for postage and shipping supplies 97.57 03/30/2010 reimbursement for tangible personal property 95.00 appraisal 05!01/2010 reimbursement for postage 1.39 0 711 7/2 01 0 reimbursement for shipping charges re tangible 1,977.01 personal property (to Ohio) 09/05/2010 reimbursement for shipping charges re tangible 2,389.47 personal property (to California) 4,560.44 Mark Heckman Real 04/15!2010 Estate A{~~raisals appraisal fee 500.00 500.00 -9- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued Minnici A~oraisals 04/15/2010 appraisal fee Munns Diamond Gallery 04/10/2010 appraisal fee 06/14/2010 storage 07/06/2010 storage 07/28!2010 storage 07!31/2010 storage 0811 Z/2010 inventory filing fee Rowe's Auction Service 05/01/2010 commission and pick up fee for sale of tangible personal property RSR Anoraisers 8 Analysts 04115/2010 appraisal fee Sewickley Cemetery 11/20/2009 wreath for husband's grave 300.00 40.00 3,432.90 283.60 790.00 308.01 350.00 37.82 300.00 40.00 4,102.00 790.00 308.01 350.00 37.82 -10- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued Resister of Wills. Arent 08/12/2010 Cohen 8~ Grigsby. P.C. 05/17/2010 09/05/2010 12/16/2010 Total Miscellaneous Administrative Expenses Federal State and Local Taxes inheritance tax Total Taxes Fees legal fees and disbursements legal fees and disbursements legal fees and disbursements Total Fees TOTAL DISBURSEMENTS OF PRINCIPAL 11,170.58 10,173.39 10,173.39 10.173.39 7,501.47 7A RR1 ~G 30,615.07 30,615.07 64,325.22 -11- SCHEDULE D DISTRIBUTIONS OF PRINCIPAL Barbara Carruthers 04/10/2010 05/01 /2010 Jewlery -distribution Tangible personal property -distribution A7 AAA AA 23,081.66 John A. Anderson 04/10/2010 05/01 /2010 06/15/2010 12/31 /2010 Jewlery -distribution 3,500.00 Tangible personal property -distribution 2,029.35 Silver Dinnerware -distribution 810.00 Real estate located at 4 Alexandria Court, 1,053,333.00 Mechanicsburg, Cumberland County, PA; Tax Parcel ID #38-07-0461-115 -distribution 1,059,672.35 Peter H. Anderson 05/01/2010 Tangible personal property -distribution 3,688.99 3.688.99 TOTAL DISTRIBUTIONS TO BENEFICIARIES 1,086,443.00 -12- PRINCIPAL BALANCE ON HAND # Units Description teach Morgan Stanley Estate PNC Bank Estate Total Cash Current Value Fiduciary 02/10/2011 Acquisition or as Noted Value 98,586.02 98,586.02 2,771.80 2,771.80 101,357.82 101,357.82 101,357.82 101,357.82 -13- SCHEDULE F CHANGES IN PRINCIPAL HOLDINGS ;: ~ AT8~T Inc. 11/20/2009 200.0000 Inventoried 5,229.00 03!26/2010 -200.0000 Sold x,229.00 0.0000 0.00 Chevrontexac o COrD 11/20/2009 160.0000 Inventoried 7,681.50 03/2612010 -100.0000 Sold -7,681.50 0.0000 0.00 Duke Realtv C orn 11/20/2009 600.0000 Inventoried 6,957.00 03/26/2010 -600.0000 Sold -6,957.00 0.0000 0.00 E M C CorQMa ss 11120/2009 1,600.0000 Inventoried 27,152.00 03/26/2010 -1,600.0000 Sold -27,152.00 0.0000 0.00 Ericsson L M T elephone Co 11/20/2009 480.0000 Inventoried 4,840.80 03/26/2010 -480.0000 Sold -4,840.80 0.0000 0.00 General Electr ic Co 11/20/2009 200.0000 Inventoried 3,117.00 03/26/2010 -200.0000 Sold -3.117.00 0.0000 0.00 -14- SCHEDULE F CHANGES IN PRINCIPAL HOLDINGS Continued # Units Suss Heinz H J Co 11/20/2009 300.0000 Inventoried 12,634.50 03/26/2010 -300.0000 Sold -12,634.50 0.0000 0.00 Jewlerv 11/20/2009 Inventoried 20,640.00 04/10/2010 Distributed -17,140.00 04/10/2010 Distributed -3,500.00 0.00 Microsoft Corn 11/20/2009 964.0000 Inventoried 28,534.40 03/26/2010 -964.0000 Sold -28,534.40 0.0000 0.00 Nokia Corn 11120/2009 1.100.0000 Inventoried 14,586.00 03126/2010 -1,100.0000 Sold -14,586.00 0.0000 0.00 Peosico Inc 11/20/2009 200.0000 Inventoried 12,374.00 03/26/2010 -200.0000 Sold -12,374.00 0.0000 0.00 Rpal estate located at 4 Alexan dria Go~rt. Mechanicsburg. G~mberland Go~nty. PA: Tax Parcel ID #38-07-0461-115 11 /20/2009 Inventoried 1,053,333.00 12/31!2010 Distributed -1,053,333.00 0.00 -15- SCHEDULE F CHANGES IN PRINCIPAL HOLDINGS Continued # Units Sit Silver Dinnerwa 11/20/2009 re Inventoried 810.00 06/15/2010 Distributed -810.00 0.00 State Street Co 11/20/2009 rn 400.0000 Inventoried 16,482.00 03/26/2010 -400.0000 Sold -16,482.00 0.0000 0.00 Tangible rJerso 11 /20!2009 nal Rro~erty Inventoried 12,095.00 05/01!2010 Sold -435.00 05/01/2010 Distributed -2,029.35 05!01!2010 Distributed -3,688.99 05/01/2010 Distributed -5,941.66 0.00 0.00 -16- SCHEDULE G RECEIPTS OF INCOME AT8~T Inc. 02/01 /2010 Chevrontexaco Coro 03/10/2010 Duke Realty Corn 02126/2010 General Electric Co 0112512010 04/26!2010 Heinz H J Co 01/10/2010 04/10/2010 Microsoft Corn 0 311 7 /2 01 0 Pensico lnclnc 01 /04/2010 03/31/2010 dividend dividend dividend dividend dividend dividend dividend dividend dividend dividend 84.00 68.00 20.00 20.00 84.00 68.00 102.00 40.00 126.00 126.00 252.00 125.32 125.32 90.00 90.00 -17- SCHEDULE G RECEIPTS OF INCOME Continued 180.00 State Street Corn 01119/2010 dividend 4.00 4.00 TOTAL DIVIDEND INCOME Interest/Bank 855.32 ^,: or n ^nl y Smith 11!27/2009 Barney Acco ant #617-063594-124 interest (received $.02 less accrued of $.01) 0.01 1?J3012009 interest 0.03 01128/2010 interest 0.03 02/25/2010 interest 0.03 03/26/2010 interest 0.03 0.13 ^,^,: org n anley Smit 04/30/2010 hBarn~( Account #617-116752-124 interest 1.96 05/27/2010 interest 1.09 06/19/2010 interest 1.25 4.30 PNG ank Checking 11/20/2009 Account #00-0079-5133 interest (received $.38 less accrued of $.09) 0.29 12/20!2009 interest 0.31 02/10/2010 interest 0'28 0.88 TOTAL BANK INTEREST 5.31 TOTAL RECE{PTS OF INCOME 860.63 -18- SCHEDULEI DISBURSEMENTS -INCOME MorganStanley SmithBarnev 04/30/2010 account maintenance fee Morgan tan/ y smithBarney Account #617-063594-124 05/25/2010 account maintenance fee TOTAL DISBURSEMENTS OF INCOME 150.00 20.00 150.00 170.00 -19- INCOME BALANCE ON HAND Current Value Fiduciary (12/10/2011 Arnuisition # Units Description Dash Morgan Stanley Estate PNC Bank Estate 689.75 689.75 0.88 0.88 Total Cash 690.63 690.63 690.63 690.63 -20-